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Warranties
 12 Months Ended
Jul. 31, 2013
Warranties  
Warranties

8.                                      Warranties

 

A summary of activity in the warranty reserves follows:

 

 

 

Year Ended July 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Beginning balance

 

$

1,667,000

 

$

2,083,000

 

Acquisitions

 

45,000

 

—

 

Provisions

 

1,893,000

 

2,879,000

 

Settlements

 

(2,344,000

)

(3,294,000

)

Foreign currency translation

 

—

 

(1,000

)

Ending Balance

 

$

1,261,000

 

$

1,667,000

 

 

The warranty provisions and settlements in fiscals 2013 and 2012 relate principally to the Company’s endoscope reprocessing and water purification products. Warranty reserves are included in accrued expenses in the Consolidated Balance Sheets.