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Other Current Liabilities
3 Months Ended
Mar. 31, 2018
Other Liabilities Disclosure [Abstract]  
Other Current Liabilities

5.

Other Current Liabilities

Other current liabilities were comprised of the following:

 

 

 

March 31,

2018

 

 

December 31,

2017

 

Customer-related liabilities

 

$

17,830

 

 

$

18,512

 

Accrued interest payable

 

 

2,863

 

 

 

2,697

 

Accrued sales commissions

 

 

2,348

 

 

 

2,301

 

Other

 

 

11,535

 

 

 

13,579

 

Other current liabilities

 

$

34,576

 

 

$

37,089

 

Included in customer-related liabilities are costs expected to be incurred with respect to product warranties and customer deposits. Changes in the liability for product warranty claims consisted of the following:

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Balance at beginning of the period

 

$

11,702

 

 

$

11,521

 

Satisfaction of warranty claims

 

 

(597

)

 

 

(870

)

Provision for warranty claims

 

 

1,013

 

 

 

1,019

 

Reversal of unneeded provision for warranty claims

 

 

(1,240

)

 

 

0

 

Other, primarily impact from changes in foreign currency

   exchange rates

 

 

27

 

 

 

78

 

Balance at end of the period

 

$

10,905

 

 

$

11,748

 

The liability for customer deposits is reversed when the Corporation satisfies its performance obligations and control of the inventory transfers to the customer, typically when title transfers. Performance obligations related to customer deposits are expected to be satisfied in less than one year. Changes in customer deposits consisted of the following:

 

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Balance at beginning of the period

 

$

4,573

 

 

$

6,786

 

Satisfaction of performance obligations

 

 

(2,512

)

 

 

(2,088

)

Receipt of additional deposits

 

 

2,637

 

 

 

3,240

 

Other, primarily changes in foreign currency

   exchange rates

 

 

4

 

 

 

4

 

Balance at end of the period

 

$

4,702

 

 

$

7,942