ACCRUED EXPENSES (Tables)

6 Months Ended

Jun. 30, 2014

ACCRUED EXPENSES [Abstract]

Accrued expenses

Accrued expenses consist of the following (dollars in thousands):

	June 30,		December 31,
	2014		2013
Sales commissions	$	1,903	$	1,431
Subcontracting labor		2,218		2,406
Salaries, bonuses and related benefits		24,609		13,674
Litigation reserve		726		723
Warranty accrual		3,667		-
Other		7,312		4,208
	$	40,435	$	22,442

Schedule of warranty accrual account for the period from the acquisition date

A tabular presentation of the activity within the warranty accrual account for the period from the acquisition date of Power Solutions through June 30, 2014 is presented below (in thousands):

	June 30,
	2014
Beginning balance as of June 19, 2014	$	4,111
Charges and costs accrued		45
Adjustments related to pre-existing warranties (including changes in estimates)		-
Less repair costs incurred		(521	)
Change due to foreign currency		32
Ending balance as of June 30, 2014	$	3,667