Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v3.10.0.1
Product Warranty Costs
 9 Months Ended
May 31, 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 nine months ended May 31, 2018 and 2017 (in thousands):
 
Nine Months Ended May 31,
 
2018
 
2017
Beginning balance
$
6,616

 
$
5,592

Provision for warranties
4,213

 
2,569

Warranty payments and costs incurred
(5,604
)
 
(3,993
)
Impact of changes in foreign currency rates
95


(13
)
Ending balance
$
5,320

 
$
4,155