Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v3.8.0.1
Product Warranty Costs
 3 Months Ended
Nov. 30, 2017
Guarantees [Abstract]  
Product Warranty Costs
Note 7. Product Warranty Costs
The Company generally offers its customers a warranty on products sold, 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 reserves for the three months ended November 30, 2017 and 2016 (in thousands):
 
Three Months Ended November 30,
 
2017
 
2016
Beginning balance
$
6,616

 
$
5,592

Provision for warranties
1,531

 
777

Warranty payments and costs incurred
(1,145
)
 
(2,309
)
Impact of changes in foreign currency rates
(8
)

(105
)
Ending balance
$
6,994

 
$
3,955