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Warranty Contracts
 12 Months Ended
Dec. 31, 2016
Warranty Contracts [Abstract]  
Warranty Contracts



Note 16 Warranty Contracts



The Company provides product warranties for up to one year, or longer if required by applicable laws or regulations, as part of sales transactions for certain of its printers. Warranty revenue is recognized ratably over the term of the warranties, which is the period during which the related costs are incurred. This warranty provides the customer with maintenance on the equipment during the warranty period and provides for certain repair, labor and replacement parts that may be required. In connection with this activity, the Company recognized warranty revenue and incurred warranty costs as shown in the table below.







 

 

 

 

 

 

 

 

 

 

 

 

Warranty Revenue Recognition:

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Beginning Balance Deferred Warranty Revenue

 

Warranty Revenue Deferred

 

Warranty Revenue Recognized

 

Ending Balance Deferred Warranty Revenue

Year Ended December 31,

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

$

 10,663 

 

$

 12,859 

 

$

 (14,471)

 

$

 9,051 

2015

 

 

 11,914 

 

 

 15,349 

 

 

 (16,600)

 

 

 10,663 

2014

 

 

 9,141 

 

 

 17,185 

 

 

 (14,412)

 

 

 11,914 



 

 

 

 

 

 

 

 

 

 

 

 

Warranty Costs Incurred:

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

Materials

 

Labor and Overhead

 

Total

Year Ended December 31,

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

$

 6,851 

 

$

 6,862 

 

$

 13,713 

2015

 

 

 

 

 

 6,202 

 

 

 5,559 

 

 

 11,761 

2014

 

 

 

 

 

 5,958 

 

 

 5,440 

 

 

 11,398