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

Annual report pursuant to Section 13 and 15(d)

Schedule II - Valuation and Qualifying Accounts

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Mar. 31, 2015

Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

GRAHAM CORPORATION AND SUBSIDIARIES

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

(In Thousands)


Description		Balance at Beginning of Period				Charged to Costs and Expenses				Charged to Other Accounts				Deductions				Balance at End of Period
Year ended March 31, 2015
Reserves deducted from the asset to which they apply:
Reserve for doubtful accounts receivable		$	46			$	24			$	—			$	(8	)		$	62
Reserves included in the balance sheet caption “accrued expenses”
Product warranty liability		$	308			$	930			$	—			$	(585	)		$	653
Reserves included in the balance sheet caption “accrued compensation”
Restructuring reserve		$	—			$	1,718			$	—			$	—			$	1,718
Year ended March 31, 2014
Reserves deducted from the asset to which they apply:
Reserve for doubtful accounts receivable		$	33			$	19			$	—			$	(6	)		$	46
Reserves included in the balance sheet caption “accrued expenses”
Product warranty liability		$	408			$	125			$	—			$	(225	)		$	308
Year ended March 31, 2013
Reserves deducted from the asset to which they apply:
Reserve for doubtful accounts receivable		$	43			$	(10	)		$	—			$	—			$	33
Reserves included in the balance sheet caption “accrued expenses”
Product warranty liability		$	215			$	360			$	—			$	(167	)		$	408