XML 62 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Product Warranties
 6 Months Ended
Jun. 30, 2014
Product Warranties Disclosures [Abstract]  
PRODUCT WARRANTIES
PRODUCT WARRANTIES
Changes in the Company’s accrual for product warranty claims during the first six months of 2014 and 2013, including customer satisfaction settlements, were as follows:
 
(Thousands of dollars)
 
 
 
 
2014
 
2013
Balance at January 1
$
26,755

 
$
22,710

Charges to expense
14,446

 
11,031

Settlements
(16,351
)
 
(12,134
)
Balance at June 30
$
24,850

 
$
21,607


For further details on the Company’s accrual for product warranty claims, see Note 1 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.