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PRODUCT WARRANTY COSTS

12 Months Ended

Dec. 31, 2020

PRODUCT WARRANTY COSTS

PRODUCT WARRANTY COSTS

NOTE 20 – PRODUCT WARRANTY COSTS

The changes in product warranty accruals were as follows:

​

​	​	​	​	​	​	​	​	​	​
​	​	December 31,
​		2020			2019			2018
Balance at beginning of year	​	$	20,650	​	$	19,778	​	$	22,029
Accruals for warranties	​		17,194	​		17,094	​		8,897
Settlements	​		(16,175)	​		(16,211)	​		(11,403)
Foreign currency translation and other adjustments	​		91	​		(11)	​		255
Balance at end of year	​	$	21,760	​	$	20,650	​	$	19,778

​

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- References

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- Definition

The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-URI http://asc.fasb.org/topic&trid=2155896

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