Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Liability

v3.3.1.900
Product Warranty Liability
 9 Months Ended
Dec. 31, 2015
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,		  
    

2015

         

2014

    

2015

         

2014

  

Balance at beginning of period

    $ 504         $ 347      $ 653         $ 308   

(Income) expense for product warranties

      (158 )         436        (45 )         573   

Product warranty claims paid

      (11 )         (63 )      (273 )         (161 ) 
  

 

 

       

 

 

    

 

 

       

 

 

  

Balance at end of period

    $ 335         $ 720      $ 335         $ 720   
  

 

 

       

 

 

    

 

 

       

 

 

  

The income of $158 and $45 for product warranties in the three and nine months ended December 31, 2015, respectively, 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.