ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2015

ACCRUED EXPENSES [Abstract]

ACCRUED EXPENSES

7.ACCRUED EXPENSES

Accrued expenses consist of the following:

	June 30,		December 31,
	2015		2014
Sales commissions	$	3,039	$	3,017
Subcontracting labor		3,587		2,217
Salaries, bonuses and related benefits		16,370		17,964
Warranty accrual		4,699		6,032
Other		12,153		13,358
	$	39,848	$	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 six months ended June 30, 2015 is presented below:

Beginning balance as of January 1, 2015	$	6,032
Charges and costs accrued		2,781
Adjustments related to pre-existing warranties (including changes in estimates)		(1,040	)
Less repair costs incurred		(1,577	)
Less cash settlements		(1,522	)
Currency translation		25
Ending balance as of June 30, 2015	$	4,699