NOTE 9 – WARRANTIES
The Company’s product warranty liabilities are included in “Other current liabilities” on the accompanying Consolidated Balance Sheets as of December 31, 2013 and 2012. The following table identifies the changes in the Company’s aggregate product warranty liabilities for the years ended December 31, 2013 and 2012 (in thousands):
|
| | | | | | | |
| 2013 | | 2012 |
Balance at January 1, | $ | 28,001 |
| | $ | 21,642 |
|
Warranty claims | (50,859 | ) | | (50,009 | ) |
Warranty accruals | 56,244 |
| | 56,368 |
|
Balance at December 31, | $ | 33,386 |
| | $ | 28,001 |
|
