NOTE 7 – WARRANTIES

The Company’s product warranty liabilities are included in “Other current liabilities” on the accompanying Consolidated Balance Sheets as of December 31, 2017 and 2016. The following table identifies the changes in the Company’s aggregate product warranty liabilities for the years ended December 31, 2017 and 2016 (in thousands):



	2017			2016
Warranty liabilities, balance at January 1,	$	36,623		$	35,223
Warranty claims	(79,660		)	(73,925		)
Warranty accruals	87,435			75,325
Warranty liabilities, balance at December 31,	$	44,398		$	36,623