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ACCRUED EXPENSES | 3 Months Ended
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Mar. 31, 2015
ACCRUED EXPENSES [Abstract] |
ACCRUED EXPENSES | 7. ACCRUED EXPENSES Accrued expenses consist of the following:
|  | March 31, |  |  | December 31, |
|  | 2015 |  |  | 2014 |
Sales commissions |  | $ | 2,776 |  |  | $ | 3,017 |
Subcontracting labor |  |  | 2,449 |  |  |  | 2,217 |
Salaries, bonuses and related benefits |  |  | 14,944 |  |  |  | 17,964 |
Warranty accrual |  |  | 4,333 |  |  |  | 6,032 |
Other |  |  | 11,738 |  |  |  | 13,358 |
|  | $ | 36,240 |  |  | $ | 42,588 |
Warranties vary by product line and are competitive for the markets in which the Company operates. Warranties generally extend for one to three years from the date of sale. The Company reviews its warranty liability quarterly based on an analysis of actual expenses and failure rates accompanied with estimated future costs and projected failure rate trends. Factors taken into consideration when evaluating our warranty reserve are (i) historical claims for each product, (ii) volume increases, (iii) life of warranty, (iv) historical warranty repair costs and (v) other factors. To the extent that actual experience differs from our estimate, the provision for product warranties will be adjusted in future periods. Actual warranty repair costs are charged against the reserve balance as incurred. A tabular presentation of the activity within the warranty accrual account for the three months ended March 31, 2015 is presented below:
|  | March 31, |
|  | 2015 |
Beginning balance as of January 1, 2015 |  | $ | 6,032 |
Charges and costs accrued |  |  | 1,288 |
Adjustments related to pre-existing warranties (including changes in estimates) |  |  | (947 | )
Less repair costs incurred |  |  | (523 | )
Less cash settlements |  |  | (1,522 | )
Currency translation |  |  | 5 |
Ending balance as of March 31, 2015 |  | $ | 4,333 |

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 24 -Article 5 + Details
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