Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.3.0.814
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Aug. 31, 2015
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 2015 and 2014 (in thousands):
 
 
 
2015
 
2014
Beginning balance
 
$
4,056

 
$
7,413

Warranty reserve of acquired business
 

 
44

Product line divestiture
 

 
(699
)
Provision for warranties
 
4,929

 
2,769

Warranty payments and costs incurred
 
(5,009
)
 
(5,477
)
Impact of changes in foreign currency rates
 
(257
)
 
6

Ending balance
 
$
3,719

 
$
4,056