Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v2.4.0.8
Product Warranty Costs
 6 Months Ended
Feb. 28, 2014
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):
 
 
Six Months Ended February 28,
 
 
2014
 
2013
Beginning balance
 
$
7,413

 
$
5,121

Provision for warranties
 
1,208

 
3,647

Warranty payments and costs incurred
 
(3,079
)
 
(3,493
)
Impact of changes in foreign currency rates
 
63

 
42

Ending balance
 
$
5,605

 
$
5,317