ACCRUED EXPENSES

3 Months Ended

Mar. 31, 2015

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

7.ACCRUED EXPENSES

Accrued expenses consist of the following:

	March 31,		December 31,
	2015		2014
Sales commissions	$	2,776	$	3,017
Subcontracting labor		2,449		2,217
Salaries, bonuses and related benefits		14,944		17,964
Warranty accrual		4,333		6,032
Other		11,738		13,358
	$	36,240	$	42,588

Warranties vary by product line and are competitive for the markets in which the Company operates.  Warranties generally extend for one to three years from the date of sale. The Company reviews its warranty liability quarterly based on an analysis of actual expenses and failure rates accompanied with estimated future costs and projected failure rate trends. Factors taken into consideration when evaluating our warranty reserve are (i) historical claims for each product, (ii) volume increases, (iii) life of warranty, (iv) historical warranty repair costs and (v) other factors. To the extent that actual experience differs from our estimate, the provision for product warranties will be adjusted in future periods. Actual warranty repair costs are charged against the reserve balance as incurred.

A tabular presentation of the activity within the warranty accrual account for the three months ended March 31, 2015 is presented below:

	March 31,
	2015
Beginning balance as of January 1, 2015	$	6,032
Charges and costs accrued		1,288
Adjustments related to pre-existing warranties (including changes in estimates)		(947	)
Less repair costs incurred		(523	)
Less cash settlements		(1,522	)
Currency translation		5
Ending balance as of March 31, 2015	$	4,333