Annual report pursuant to Section 13 and 15(d)

Product Warranty Liability

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Product Warranty Liability
12 Months Ended
Mar. 31, 2024
Guarantees [Abstract]  
Product Warranty Liability

Note 7 – Product Warranty Liability:

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

 

 

 

Year ended March 31,

 

 

 

2024

 

 

2023

 

Balance at beginning of year

 

$

578

 

 

$

441

 

Expense for product warranties

 

 

410

 

 

 

364

 

Product warranty claims paid

 

 

(182

)

 

 

(227

)

Balance at end of year

 

$

806

 

 

$

578

 

 

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