Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v3.8.0.1
Product Warranty Costs
 6 Months Ended
Feb. 28, 2018
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 six months ended February 28, 2018 and 2017 (in thousands):
 
Six Months Ended February 28,
 
2018
 
2017
Beginning balance
$
6,616

 
$
5,592

Provision for warranties
3,403

 
1,482

Warranty payments and costs incurred
(3,582
)
 
(3,096
)
Impact of changes in foreign currency rates
213


(101
)
Ending balance
$
6,650

 
$
3,877