Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v3.19.3.a.u2
Product Warranty Costs
3 Months Ended
Nov. 30, 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 may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line in the Condensed Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a rollforward of the changes in product warranty reserves for the three months ended November 30, 2019 and 2018, respectively (in thousands):
 
Three Months Ended November 30,
 
2019
 
2018
Beginning balance
$
1,145

 
$
931

Provision for warranties
211

 
570

Warranty payments and costs incurred
(206
)
 
(457
)
Impact of changes in foreign currency rates
(25
)

(10
)
Ending balance
$
1,125

 
$
1,034