Warranty

9 Months Ended

Sep. 30, 2012

Warranty

Warranty

Note 8 — Warranty

The Company provides a warranty for most of its products.  Warranties are for periods ranging from ninety days to one year, and cover parts and labor for non-maintenance repairs, at our locations. Operator abuse, improper use, alteration, damage resulting from accident, or failure to follow manufacturer’s directions are excluded from warranty coverage.

Warranty expense is accrued at the time of sale based on historical claims experience.  Warranty reserves are also accrued for special rework campaigns for known major product modifications.  The Company also offers extended warranty service contracts for select products when the factory warranty period expires.

Warranty provisions and claims for the three and nine-month periods ended September 30, 2012 and 2011 were as follows:

	Three Months EndedSeptember 30,						Nine Months EndedSeptember 30,
	2012			2011			2012			2011
Beginning balance	$	250,910		$	208,452		$	205,506		$	217,819
Acquired provision — Dansensor acquisition	—			—			85,413			—
Warranty provisions	135,779			53,659			292,657			152,436
Warranty claims	(128,749		)	(55,149		)	(325,636		)	(163,293		)
Ending balance	$	257,940		$	206,962		$	257,940		$	206,962