Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v2.4.1.9
Product Warranty Costs
 3 Months Ended
Nov. 30, 2014
Guarantees [Abstract]  
Product Warranty Costs
Product Warranty Costs
The Company generally offers its customers a warranty on products they purchase, although warranty periods vary by product type and application. The reserve for future warranty claims is based on historical claim rates and current warranty cost experience. The following is a rollforward of the accrued product warranty reserve (in thousands):
 
 
Three months ended November 30,
 
 
2014
 
2013
Beginning balance
 
$
4,056

 
$
7,413

Provision for warranties
 
1,180

 
230

Warranty payments and costs incurred
 
(1,424
)
 
(1,232
)
Impact of changes in foreign currency rates
 
(84
)
 
53

Ending balance
 
$
3,728

 
$
6,464