ACCRUED EXPENSES (Tables)

9 Months Ended

Sep. 30, 2014

ACCRUED EXPENSES [Abstract]

Accrued expenses

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

	September 30,		December 31,
	2014		2013
Sales commissions	$	2,922	$	1,431
Subcontracting labor		2,014		2,406
Salaries, bonuses and related benefits		23,592		13,674
Litigation reserve		-		723
Warranty accrual		3,623		-
Other		12,400		4,208
	$	44,551	$	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 September 30, 2014 is presented below (in thousands):

	September 30,
	2014
Beginning balance as of June 19, 2014	$	4,111
Charges and costs accrued		859
Adjustments related to pre-existing warranties (including changes in estimates)		(35	)
Less repair costs incurred		(1,377	)
Currency translation		(43	)
Ending balance as of September 30, 2014	$	3,515