Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v3.6.0.2
Product Warranty Costs
 3 Months Ended
Nov. 30, 2016
Guarantees [Abstract]  
Product Warranty Costs
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 reserve for the three months ended November 30, 2016 and 2015 (in thousands):
 
Three Months Ended November 30,
 
2016
 
2015
Beginning balance
$
5,592

 
$
3,719

Provision for warranties
777

 
1,308

Warranty payments and costs incurred
(2,309
)
 
(1,246
)
Impact of changes in foreign currency rates
(105
)

(396
)
Ending balance
$
3,955

 
$
3,385