Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v3.19.2
Product Warranty Costs
 9 Months Ended
May 31, 2019
Guarantees [Abstract]  
Product Warranty Costs
Note 7. Product Warranty Costs
The Company generally offers its customers an assurance 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 nine months ended May 31, 2019 and 2018, respectively (in thousands):
 
Nine Months Ended May 31,
 
2019
 
2018
Beginning balance
$
4,417

 
$
6,616

Provision for warranties
3,427

 
4,213

Warranty payments and costs incurred
(3,630
)
 
(5,604
)
Warranty activity for divested businesses
(34
)
 
—

Impact of changes in foreign currency rates
(54
)

95

Ending balance
$
4,126

 
$
5,320