Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Costs

v2.4.1.9
Product Warranty Costs
 6 Months Ended
Feb. 28, 2015
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 product warranty reserve (in thousands):
 
Six Months Ended February 28,
 
2015
 
2014
Beginning balance
$
4,056

 
$
7,413

Provision for warranties
2,837

 
1,208

Warranty payments and costs incurred
(2,418
)
 
(3,079
)
Impact of changes in foreign currency rates
(231
)
 
63

Ending balance
$
4,244

 
$
5,605