Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v3.5.0.2
Product Warranty Costs
 9 Months Ended
May 31, 2016
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 product warranty reserve (in thousands):
 
Nine Months Ended May 31,
 
2016
 
2015
Beginning balance
$
3,718

 
$
4,056

Provision for warranties
3,225

 
4,198

Warranty reserve for acquired businesses
3

 
—

Warranty payments and costs incurred
(3,155
)
 
(3,505
)
Impact of changes in foreign currency rates
(35
)

(589
)
Ending balance
$
3,756

 
$
4,160