Rendering

Component: (Network and Table)
Network
2302302 - Disclosure - Significant Accounting Policies (Tables)
(http://www.cvgrp.com/role/SignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001290900 (http://www.sec.gov/CIK)
Accounting Policies [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Accounting Policies [Abstract]
 
Estimated Useful Lives
For financial reporting purposes, depreciation is computed using the straight-line method over the following estimated useful lives:
Buildings and improvements
15 to 40 years
Machinery and equipment
3 to 20 years
Tools and dies
3 to 7 years
Computer hardware and software
3 to 5 years
  
Summary of Warranty Provision
The following presents a summary of the warranty provision for the years ended December 31 (in thousands):
 
2016
 
2015
Balance — Beginning of the year
$
7,580

 
$
4,438

Provision for new warranty claims
1,798

 
5,878

Change in provision for preexisting warranty claims
389

 
(467
)
Deduction for payments made
(3,819
)
 
(2,192
)
Currency translation adjustment
(396
)
 
(77
)
Balance — End of year
$
5,552

 
$
7,580