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Commitments and Contingencies Commitments and Contingencies (Tables)
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9 Months Ended |
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Sep. 30, 2014
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| Commitments and Contingencies Disclosure [Abstract] |
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| Schedule of Line of Credit Facilities [Table Text Block] |
Our available lines of credit, outstanding standby LOCs, and bonds were as follows:
| | | | | | | | | | September 30, 2014 | | December 31, 2013 | | (in thousands) | Credit facilities(1) | | | | Multicurrency revolving line of credit | $ | 660,000 |
| | $ | 660,000 |
| Long-term borrowings | (70,000 | ) | | (120,000 | ) | Standby LOCs issued and outstanding | (49,054 | ) | | (49,491 | ) | Net available for additional borrowings and LOCs | $ | 540,946 |
| | $ | 490,509 |
| | | | | Unsecured multicurrency revolving lines of credit with various financial institutions | | | | Multicurrency revolving lines of credit | $ | 103,617 |
| | $ | 115,269 |
| Standby LOCs issued and outstanding | (27,979 | ) | | (31,714 | ) | Short-term borrowings(2) | (7,138 | ) | | (4,252 | ) | Net available for additional borrowings and LOCs | $ | 68,500 |
| | $ | 79,303 |
| | | | | Unsecured surety bonds in force | $ | 140,550 |
| | $ | 186,446 |
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| | (1) | Refer to Note 6 for details regarding our secured credit facilities. |
| | (2) | Short-term borrowings are included in "Other current liabilities" on the Consolidated Balance Sheets. |
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| Schedule of Warranty Accruals [Table Text Block] |
A summary of the warranty accrual account activity is as follows:
| | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2014 | | 2013 | | 2014 | | 2013 | | (in thousands) | Beginning balance | $ | 42,549 |
| | $ | 50,632 |
| | $ | 45,146 |
| | $ | 53,605 |
| New product warranties | 2,278 |
| | 1,761 |
| | 4,992 |
| | 4,583 |
| Other changes/adjustments to warranties | 2,632 |
| | 1,354 |
| | 3,686 |
| | 6,992 |
| Claims activity | (5,605 | ) | | (8,283 | ) | | (12,113 | ) | | (18,671 | ) | Effect of change in exchange rates | (1,500 | ) | | 567 |
| | (1,357 | ) | | (478 | ) | Ending balance | 40,354 |
| | 46,031 |
| | 40,354 |
| | 46,031 |
| Less: current portion of warranty | 22,283 |
| | 20,102 |
| | 22,283 |
| | 20,102 |
| Long-term warranty | $ | 18,071 |
| | $ | 25,929 |
| | $ | 18,071 |
| | $ | 25,929 |
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| Warranty Expense [Table Text Block] |
Warranty expense for the three and nine months ended September 30 was as follows: | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2014 | | 2013 | | 2014 | | 2013 | | (in thousands) | Total warranty expense | $ | 4,910 |
| | $ | 3,115 |
| | $ | 8,678 |
| | $ | 11,575 |
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| Schedule of Changes to Unearned Revenue for Extended Warranty [Table Text Block] |
A summary of changes to unearned revenue for extended warranty contracts is as follows: | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2014 | | 2013 | | 2014 | | 2013 | | (in thousands) | Beginning balance | $ | 33,958 |
| | $ | 33,395 |
| | $ | 33,528 |
| | $ | 31,960 |
| Unearned revenue for new extended warranties | 987 |
| | 1,010 |
| | 2,837 |
| | 3,635 |
| Unearned revenue recognized | (633 | ) | | (597 | ) | | (2,037 | ) | | (1,592 | ) | Effect of change in exchange rates | (121 | ) | | 55 |
| | (137 | ) | | (140 | ) | Ending balance | 34,191 |
| | 33,863 |
| | 34,191 |
| | 33,863 |
| Less: current portion of unearned revenue for extended warranty | 2,592 |
| | 2,454 |
| | 2,592 |
| | 2,454 |
| Long-term unearned revenue for extended warranty within other long-term obligations | $ | 31,599 |
| | $ | 31,409 |
| | $ | 31,599 |
| | $ | 31,409 |
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| Health Benefit Plan Costs and Incurred But Not Reported Accrual Balance [Table Text Block] |
Plan costs were as follows: | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2014 | | 2013 | | 2014 | | 2013 | | (in thousands) | Plan costs | $ | 5,694 |
| | $ | 6,141 |
| | $ | 16,670 |
| | $ | 16,641 |
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The IBNR accrual, which is included in wages and benefits payable, was as follows:
| | | | | | | | | | September 30, 2014 | | December 31, 2013 | | (in thousands) | IBNR accrual | $ | 1,868 |
| | $ | 2,206 |
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