Quarterly report pursuant to Section 13 or 15(d)

Product Warranty Liability

v2.4.0.6
Product Warranty Liability
 9 Months Ended
Dec. 31, 2011
Product Warranty Liability and Commitments and Contingencies [Abstract]  
PRODUCT WARRANTY LIABILITY

NOTE 9 – 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, 		 
    2011     2010     2011     2010  

Balance at beginning of period

   $ 239     $ 431     $ 202     $ 369  

Expense (income) for product warranties

     (5 )      (136 )      67       14  

Product warranty claims paid

     (7 )      (110 )      (42 )      (198 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Balance at end of period

   $ 227     $ 185     $ 227     $ 185  
   

 

 

    

 

 

    

 

 

    

 

 

  

The income of $5 and $136 for product warranties in the three months ended December 31, 2011 and 2010, respectively, 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 liabilities” in the Condensed Consolidated Balance Sheets.