O REILLY AUTOMOTIVE INC | 2013 | FY | 3


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


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