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Note 7 - Product Warranty Obligations

3 Months Ended

Mar. 31, 2015

Product Warranties Disclosures [Abstract]

Product Warranty Disclosure [Text Block]

7. Product Warranty Obligations

The Company records a liability for product warranty obligations at the time of sale to a customer based upon historical warranty experience. The Company also records a liability for specific warranty matters when they become known and are reasonably estimable. Additionally, the Company sells extended warranty coverage for certain products. The sales of extended warranties are recorded as deferred revenue, which is recognized over the life of the contracts.

The following is a tabular reconciliation of the product warranty liability, excluding the deferred revenue related to extended warranty coverage:

		Three Months Ended March 31,
		2015				2014
Balance at beginning of period		$	30,909			$	33,734
Payments			(5,433	)			(6,723	)
Provision for warranties issued			4,549				6,039
Changes in estimates for pre-existing warranties			(748	)			(1,143	)
Balance at end of period		$	29,277			$	31,907

The following is a tabular reconciliation of the deferred revenue related to extended warranty coverage:

		Three Months Ended March 31,
		2015				2014
Balance at beginning of period		$	27,193			$	23,092
Deferred revenue on extended warranty contracts sold			1,380				2,219
Amortization of deferred revenue on extended warranty contracts			(1,042	)			(679	)
Balance at end of period		$	27,531			$	24,632

Product warranty obligations and extended warranty related deferred revenues are included in the condensed consolidated balance sheets as follows:

		March 31,				December 31,
		2015				2014
Product warranty liability
Current portion - other accrued liabilities		$	22,893			$	24,143
Long-term portion - other long-term liabilities			6,384				6,766
Total		$	29,277			$	30,909
Deferred revenue related to extended warranty
Current portion - other accrued liabilities		$	4,857			$	4,519
Long-term portion - other long-term liabilities			22,674				22,674
Total		$	27,531			$	27,193

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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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

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