Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Liability

v2.4.1.9
Product Warranty Liability
 9 Months Ended
Dec. 31, 2014
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
December 31,		      Nine Months Ended
December 31,		  
     2014      2013      2014      2013  

Balance at beginning of period

    $ 347       $ 299       $ 308       $ 408   

Expense for product warranties

      436         (47 )       573         11   

Product warranty claims paid

      (63 )       (29 )       (161 )       (196 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance at end of period

 $ 720    $ 223    $ 720    $ 223   
  

 

 

     

 

 

     

 

 

     

 

 

  

The income of $47 for product warranties in the three months ended December 31, 2013 resulted from the reversal of provisions made that were no longer required due to lower claim experience.

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