Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Liability

v3.6.0.2
Product Warranty Liability
 9 Months Ended
Dec. 31, 2016
Guarantees [Abstract]  
Product Warranty Liability

NOTE 8 – PRODUCT WARRANTY LIABILITY:

The reconciliation of the changes in the product warranty liability is as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Balance at beginning of period

 

$

582

 

 

$

504

 

 

$

686

 

 

$

653

 

(Income) expense for product warranties

 

 

(81

)

 

 

(158

)

 

 

31

 

 

 

(45

)

Product warranty claims paid

 

 

(4

)

 

 

(11

)

 

 

(220

)

 

 

(273

)

Balance at end of period

 

$

497

 

 

$

335

 

 

$

497

 

 

$

335

 

 

Income of $81 and $158 for product warranties in the three months ended December 31, 2016 and 2015, respectively, and the income of $45 in the nine months ended December 31, 2015 resulted from the reversal of provisions made that were no longer required due to lower claims experience.

 

The product warranty liability is included in the line item "Accrued expenses and other current liabilities" in the Condensed Consolidated Balance Sheets.