Annual report pursuant to Section 13 and 15(d)

Warranty

v3.3.1.900
Warranty
 12 Months Ended
Dec. 31, 2015
Guarantees [Abstract]  
Warranty
WARRANTY
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, which is included in other accrued expenses on the Consolidated Balance Sheets, is summarized as follows:
(In thousands)
2015
 
2014
 
2013
Balance at Beginning of the Year
$
4,884

 
$
2,796

 
$
2,551

Warranty Liabilities Acquired
500

 
564

 
671

Warranties Issued
4,039

 
3,431

 
722

Reassessed Warranty Exposure
(485
)
 
(34
)
 
(222
)
Warranties Settled
(3,197
)
 
(1,873
)
 
(926
)
Balance at End of the Year
$
5,741

 
$
4,884

 
$
2,796