Warranties

3 Months Ended

Oct. 31, 2013

Warranties

Warranties

Note 8.                   Warranties

A summary of activity in the Company’s warranty reserves follows:

	Three Months Ended
	October 31,
	2013			2012
Beginning balance	$	1,261,000		$	1,667,000
Provisions	691,000			367,000
Settlements	(691,000		)	(596,000		)
Ending balance	$	1,261,000		$	1,438,000

The warranty provisions and settlements for the three months ended October 31, 2013 and 2012 relate principally to the Company’s endoscope reprocessing and water purification equipment. Warranty reserves are included in accrued expenses in the Condensed Consolidated Balance Sheets.