Current Liabilities

9 Months Ended

Sep. 30, 2014

Accrued expenses consist of accruals for the following (in thousands):



	September 30, 2014		December 31, 2013
Salaries and wages	$	38,506	$	39,861
Taxes other than income taxes, primarily Value Added Taxes	26,554		24,525
Warranty cost	32,464		27,393
Supplemental Executive Retirement Program	8,671		391
Freight	6,255		7,636
Professional	7,019		6,516
Product liability, current portion	3,487		3,183
Rebates	2,137		1,681
Insurance	2,432		2,549
Interest	1,167		1,041
Derivative liabilities	3,609		1,212
Severance	4,734		3,986
Other items, principally trade accruals	13,010		13,126
	$	150,045	$	133,100

Accrued rebates relate to several volume incentive programs the Company offers its customers. The Company accounts for these rebates as a reduction of revenue when the products are sold in accordance with the guidance in ASC 605-50, Customer Payments and Incentives.