Graham Corporation Annual report pursuant to Section 13 and 15(d)

Product Warranty Liability

12 Months Ended

Mar. 31, 2021

Note 7 – Product Warranty Liability:

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

	Year ended March 31,
	2021			2020
Balance at beginning of year	$	359		$	366
Expense for product warranties		344			62
Product warranty claims paid		(77	)		(69	)
Balance at end of year	$	626		$	359

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