Quarterly report pursuant to Section 13 or 15(d)

Product Warranties

v2.4.0.8
Product Warranties
 9 Months Ended
Sep. 27, 2014
Guarantees [Abstract]  
Product Warranties

7) Product Warranties

In the ordinary course of business, the Company warrants its products against defects in design, materials and workmanship typically over periods ranging from twelve to sixty months. The Company determines warranty reserves needed by product line based on experience and current facts and circumstances. Activity in the warranty accrual is summarized as follows:

 

     Nine Months Ended     Three Months Ended  

(In thousands)

    September 27,
2014		     Sept. 28,
2013		     September 27,
2014		     Sept. 28,
2013		  

Balance at beginning of period

    $ 2,796      $ 2,551      $ 3,925      $ 2,584   

Acquisitions

      564        —          (226 )      —     

Warranties issued

      2,842        356        1,966        23   

Warranties settled

      (1,323 )      (618 )      (520 )      (202 ) 

Reassessed warranty exposure

      271        (133 )      5        (249 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Balance at end of period

    $ 5,150      $ 2,156      $ 5,150      $ 2,156