Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Other Current Liabilities

v2.4.0.6
Other Current Liabilities
 12 Months Ended
Dec. 31, 2012
Accounts Payable and Accrued Liabilities [Abstract]  
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

Note 9. Other Current Liabilities

Other current liabilities consisted of the following at December 31:

in thousands       2012       2011
Compensation, commissions and related benefits $       16,849 $       7,197
Taxes 8,343 1,385
Accrued expenses 5,227 304
Prepayments from customers   2,203 -
Reserve for warranty expenses 1,219 1,543
Forward contracts (see note 3) 1,036 -
Royalties 894   -
Other 4,408   398
$ 40,179 $ 10,827
 

A summary of warranty activity for the years ended December 31, 2012 and 2011 is as follows:

in thousands       2012       2011
Beginning balance $       1,543 $       1,204
Accruals for warranties issued during the period 1,139   2,249  
Warranty costs incurred during the period   (1,463 )   (1,910 )
Ending balance $ 1,219 $ 1,543