Note 16.

Other Accrued Liabilities

The components of other accrued liabilities were as follows:

June 30,	2014		2013
($000)
Acquisition holdbacks	$	10,000	$	-
Redeemable noncontrolling interest liability		-		8,568
Earnout arrangement		-		3,300
Warranty reserve		2,859		1,661
Other accrued liabilities		18,662		21,166
	$	31,521	$	34,695

In June 2013, the Company received notice from the noncontrolling interest holder of HIGHYAG of the intention to exercise the put option. The value of the put option was calculated using a formulaic model based upon earnings before interest, income taxes, depreciation and amortization (EBITDA), revenue growth and other variables. The price for the 25.07% noncontrolling interest the Company did not already own was $7.6 million; in addition a dividend of $1.0 million also was declared and was paid to the noncontrolling interest holder in fiscal year 2014. Both of these amounts are included in the Consolidated Balance Sheet as of June 30, 2013 as a current liability within Other accrued liabilities as these amounts were paid in August 2013.

Changes in the carrying amount of our redeemable noncontrolling interest were as follows:

Year Ended June 30,	2014		2013			2012
($000)
Balance at Beginning of Year	$	-	$	5,160		$	1,828
Net earnings attributable to redeemable noncontrolling interest		-		1,118			969
Other changes		-		(585	)		(267	)
Redemption value adjustment to redeemable noncontrolling interest		-		2,875			2,630
Reclassification of redeemable noncontrolling interest to Other accrued liabilities		-		(8,568	)		-
Balance at End of Year	$	-	$	-		$	5,160

The following table summarizes the change in the carrying value of the company’s warranty reserve included in Other Accrued Liabilities as of and for the year ended June 30, 2014.

Year Ended June 30,	2014
($000)
Balance-Beginning of Year	$	1,661
Settlements during the period		(1,843	)
Additional warranty liability recorded		1,868
Warranty liability assumed through acquisitions		1,173
Balance-End of Year	$	2,859