Quarterly report pursuant to Section 13 or 15(d)

Product Warranty

v2.3.0.15
Product Warranty
9 Months Ended
Sep. 30, 2011
Product Warranty [Abstract]  
Product Warranty

NOTE 5 – PRODUCT WARRANTY

Some of the Company's products carry limited warranty provisions for defects in quality and workmanship. A warranty reserve is established at the time of sale to cover estimated costs based on the Company's history of warranty repairs and replacements and is recorded in cost of sales. The warranty reserve is included in accrued liabilities in the Condensed Consolidated Balance Sheets. A summary of accrued warranties is as follows (in thousands):

 

     Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
     2011     2010     2011     2010  

Balance at beginning of period

   $ 9,777      $ 11,058      $ 10,256      $ 12,112   

Charged to costs and expenses

     1,131        794        3,202        2,365   

Claims settled

     (585     (555     (3,341     (2,639

Other

     (294     412        (88     (129
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at end of period

   $ 10,029      $ 11,709      $ 10,029      $ 11,709