Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Liability

v3.8.0.1
Product Warranty Liability
 6 Months Ended
Sep. 30, 2017
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

 

 

Six Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Balance at beginning of period

 

$

291

 

 

$

694

 

 

$

538

 

 

$

686

 

Expense (income) for product warranties

 

 

78

 

 

 

(54

)

 

 

(82

)

 

 

111

 

Product warranty claims paid

 

 

(68

)

 

 

(58

)

 

 

(155

)

 

 

(215

)

Balance at end of period

 

$

301

 

 

$

582

 

 

$

301

 

 

$

582

 

 

Income of $54 for product warranties in the three months ended September 30, 2016 and the income of $82 in the six months ended September 30, 2017 resulted from the reversal of provisions made that were no longer required due to lower claims experience.

 

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