Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Aug. 31, 2013
Accounting Policies [Abstract]  
Reconciliation of Changes in Accrued Product Warranty
The following is a reconciliation of the changes in product warranty reserves for fiscal years 2013 and 2012 (in thousands):
 
 
 
 
2013
 
2012
 
 
Beginning balance
 
$
12,869

 
$
23,707

 
 
Warranty reserves of acquired businesses
 
981

 
338

 
 
Purchase accounting adjustments
 
—

 
(7,726
)
 
 
Provision for warranties
 
7,907

 
9,219

 
 
Warranty payments and costs incurred
 
(11,616
)
 
(10,893
)
 
 
Discontinued operations reclassification
 
(3,107
)
 
—

 
 
Impact of changes in foreign currency rates
 
379

 
(1,776
)
 
 
Ending balance
 
$
7,413

 
$
12,869