Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2016

Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):



	Fair Value Measurements as of September 30, 2016
Asset (Liability)	Total			Level 1			Level 2			Level 3
Non-qualified deferred compensation assets	$	49,086		$	49,086		—			—
Total assets at fair value	$	49,086		$	49,086		—			—
Foreign exchange contracts, net	$	(4,572	)	—			$	(4,572	)	—
Non-qualified deferred compensation liabilities	(49,086		)	$	(49,086	)	—			—
Total liabilities at fair value	$	(53,658	)	$	(49,086	)	$	(4,572	)	—

	Fair Value Measurements as of December 31, 2015
Asset (Liability)	Total			Level 1			Level 2			Level 3
Non-qualified deferred compensation assets	$	48,238		$	48,238		—			—
Foreign exchange contracts, net	2,767			—			$	2,767		—
Interest rate swap contracts	186			—			186			—
Total assets at fair value	$	51,191		$	48,238		$	2,953		—
Commodity contracts, net	$	(354	)	—			$	(354	)	—
Non-qualified deferred compensation liabilities	(48,238		)	$	(48,238	)	—			—
Total liabilities at fair value	$	(48,592	)	$	(48,238	)	$	(354	)	—

The major components of inventories are as follows (in thousands):



	September 30, 2016			December 31, 2015
Raw materials and purchased components	$	183,570		$	167,569
Service parts, garments and accessories	190,646			189,731
Finished goods	432,675			388,970
Less: reserves	(50,948		)	(36,269		)
Inventories	$	755,943		$	710,001

The activity in the warranty reserve during the periods presented was as follows (in thousands):



	Three months ended September 30,						Nine months ended September 30,
	2016			2015			2016			2015
Balance at beginning of period	$	76,873		$	45,099		$	56,474		$	53,104
Additions to warranty reserve through acquisitions	—			—			147			200
Additions charged to expense	87,679			25,288			155,210			53,853
Warranty claims paid	(34,498		)	(15,290		)	(81,777		)	(52,060		)
Balance at end of period	$	130,054		$	55,097		$	130,054		$	55,097