Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Aug. 31, 2012
Reconciliation of Changes in Accrued Product Warranty

The following is a reconciliation of the changes in accrued product warranty for fiscal years 2012 and 2011 (in thousands):

 

     2012     2011  

Beginning balance

   $ 23,707      $ 7,868   

Warranty reserves of acquired businesses

     338        17,457   

Purchase accounting adjustments

     (7,726     —     

Provision for warranties

     9,219        9,190   

Warranty payments and costs incurred

     (10,893     (12,662

Impact of changes in foreign currency rates

     (1,776     1,854   
  

 

 

   

 

 

 

Ending balance

   $ 12,869      $ 23,707