Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v3.10.0.1
Product Warranty Costs
 3 Months Ended
Nov. 30, 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, which is recorded within the "Other current liabilities" line on the Condensed Consolidated Balance Sheets, 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, 2018 and 2017 (in thousands):
 
Three Months Ended November 30,
 
2018
 
2017
Beginning balance
$
4,417

 
$
6,616

Provision for warranties
1,626

 
1,531

Warranty payments and costs incurred
(944
)
 
(1,145
)
Reclass of liabilities held for sale
(38
)
 
—

Impact of changes in foreign currency rates
(64
)

(8
)
Ending balance
$
4,997

 
$
6,994