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, 2014
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 2014 and 2013 (in thousands):
 
 
 
2014
 
2013
Beginning balance
 
$
7,413

 
$
12,869

Warranty reserves of acquired businesses
 
44

 
981

Product line divestiture
 
(699
)
 

Provision for warranties
 
2,769

 
7,907

Warranty payments and costs incurred
 
(5,477
)
 
(11,616
)
Discontinued operations reclassification
 

 
(3,107
)
Impact of changes in foreign currency rates
 
6

 
379

Ending balance
 
$
4,056

 
$
7,413