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

Product Warranty Liability

12 Months Ended

Mar. 31, 2012

Note 6 — Product Warranty Liability:

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


	Year ended March 31,
	2012			2011
Balance at beginning of year	$	202		$	369
Expense for product warranties		53			59
Product warranty claims paid		(40	)		(226	)

Balance at end of year	$	215		$	202

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