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Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2013
Contingent Liabilities [Abstract]  
Reconciliation of Product Liability Reserve

A roll-forward of the product liability reserve and detail of product liability expense for the three years ended December 31, 2013 follows:

 

Balance Sheet Roll-forward for Product Liability Reserve

 

                Cash Payments        
    Balance
Beginning
of Year (a)		     Accrued
Legal
Expense
(Income)
(b)		     Legal Fees
(c)		     Settlements
(d)		     Balance End
of Year (a)		  
                               
2011   $ 1,022       755       (31 )     -     $ 1,746  
                                         
2012   $ 1,746       (633 )     (52 )     (4 )   $ 1,057  
                                         
2013   $ 1,057       230       (44 )     (7 )   $ 1,236  
Schedule of Product Liability Expense

Income Statement Detail for Product Liability Expense

 

    Accrued
Legal
Expense (b)		     Insurance
Premium
Expense (e)		     Total
Product
Liability
Expense		  
                   
2011   $ 755       862     $ 1,617  
                         
2012   $ (633 )     810     $ 177  
                         
2013   $ 230       1,023     $ 1,253  

 

Notes

 

  (a) The beginning and ending liability balances represent accrued legal fees only. Settlements and administrative costs are expensed as incurred. Only in rare instances is an accrual established for settlements.

 

  (b) The expense accrued in the liability is for legal fees only. In 2012, the costs incurred related to cases that were settled or dismissed were less than the amounts accrued for these cases in prior years.

 

  (c) Legal fees represent payments to outside counsel related to product liability matters.

 

  (d) Settlements represent payments made to plaintiffs or allegedly injured parties in exchange for a full and complete release of liability.

 

  (e) Insurance expense represents the cost of insurance premiums.