Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Liability

v2.4.0.8
Product Warranty Liability
 9 Months Ended
Dec. 31, 2013
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,
           2013         2012              2013         2012  

Balance at beginning of period

       $299        $174           $408        $215 

(Income) expense for product warranties

       (47)       65           11        73 

Product warranty claims paid

         (29)         (79)          (196)       (128)

Balance at end of period

       $223        $160           $223        $160 

The income of $47 for product warranties in the three months ended December 31, 2013 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.