Product Warranty Reserve

9 Months Ended

Sep. 30, 2017

NOTE M – PRODUCT WARRANTY RESERVE

The Company records an accrual for estimated warranty costs to Costs of products sold in the Statements of Consolidated 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:

	Nine Months Ended September 30
	2017			2016
Beginning of period balance	$	1,058		$	714
Additions charged to income		373			423
Warranty usage		(433	)		(59	)
Currency translation		82			(21	)
End of period balance	$	1,080		$	1,057