XML 30 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Product Warranties
 12 Months Ended
Dec. 31, 2017
Product Warranties [Abstract]  
Product Warranties

Note 10 – Product Warranties



Warranty terms are based on the negotiated railcar sales contracts. The Company generally warrants that new railcars produced by it will be free from defects in material and workmanship under normal use and service identified for a period of up to five years from the time of sale. The changes in the warranty reserve for the years ended December 31, 2017, 2016 and 2015, are as follows:









 

 

 

 

 

 

 

 

 



 

 

December 31,



 

 

2017

 

 

2016

 

 

2015



 

 

 

 

 

 

 

 

 

Balance at the beginning of the year

 

$

 8,324 

 

$

 9,239 

 

$

 8,742 

Current year provision

 

 

 1,661 

 

 

 2,394 

 

 

 3,209 

Reductions for payments, costs of repairs and other

 

 

 (894)

 

 

 (1,812)

 

 

 (1,611)

Adjustments to prior warranties

 

 

 (1,029)

 

 

 (1,497)

 

 

 (1,101)

Balance at the end of the year

 

$

 8,062 

 

$

 8,324 

 

$

 9,239 



 

 

 

 

 

 

 

 

 

Adjustments to prior warranties includes changes in the warranty reserve for warranties issued in prior periods due to expiration of the warranty period, revised warranty cost estimates and other factors.