XML 32 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3

Product Warranties

3 Months Ended

Mar. 31, 2016

Product Warranties

13. Product Warranties

We generally record warranty expense at the time of sale. We offer our customers various warranty terms based on the type of product that is sold. Warranty expense is determined based on historic claim experience and the nature of the product category. The following table summarizes activity related to our product warranty liability for the three months ended March 31, 2016 and 2015, respectively.

(In millions)		Three Months Ended March 31,
		2016				2015
Reserve balance at January 1,		$	16.0			$	13.0
Provision for warranties issued			7.1				7.1
Settlements made (in cash or in kind)			(6.7	)			(6.6	)
Reserve balance at March 31,		$	16.4			$	13.5

The increase of $2.9 million in product warranty liability as of March 31, 2016 compared to the same period of 2015 is primarily due to Norcraft acquisition.

X

- 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

+ Details

Name:	us-gaap_ProductWarrantyDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration