Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v2.4.0.8
Product Warranty Costs
 3 Months Ended
Nov. 30, 2013
Guarantees [Abstract]  
Product Warranty Costs
Product Warranty Costs
The Company generally offers its customers a warranty on products they purchase, 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 accrued product warranty reserve from continuing operations (in thousands):
 
 
Three months ended November 30,
 
 
2013
 
2012
Beginning balance
 
$
7,413

 
$
5,121

Provision for warranties
 
230

 
1,365

Warranty payments and costs incurred
 
(1,232
)
 
(1,893
)
Impact of changes in foreign currency rates
 
53

 
45

Ending balance
 
$
6,464

 
$
4,638