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Product Warranty Reserve
9 Months Ended
Sep. 30, 2012
Product Warranty Reserve [Abstract]  
PRODUCT WARRANTY RESERVE

NOTE L – PRODUCT WARRANTY RESERVE

The Company records an accrual for estimated warranty costs to cost of products sold in the consolidated statements of income. These amounts are recorded in accrued expenses and other liabilities in the consolidated balance sheets. The Company records and accounts for its warranty reserve based on specific claim incidents. Should the Company become aware of a specific potential warranty claim for which liability is probable and reasonably estimable, a specific charge is recorded and accounted for accordingly. Adjustments are made quarterly to the accruals as claim information changes.

The following is a rollforward of the product warranty reserve:

 

                 
    September 30, 2012     December 31, 2011  

Balance at the beginning of period

  $ 824     $ 536  

Additions charged to income

    1,009       1,968  

Warranty usage

    (649     (1,467

Currency translation

    11       (213
   

 

 

   

 

 

 

End of period balance

  $ 1,195     $ 824