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Warranties
9 Months Ended
Apr. 30, 2016
Warranties  
Warranties

Note 9.Warranties

 

A summary of activity in the warranty reserves follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

April 30, 

 

April 30, 

 

 

    

2016

    

2015

 

2016

    

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

1,967,000

 

$

1,697,000

 

$

1,740,000

 

$

1,589,000

 

Acquisitions

 

 

 —

 

 

1,000

 

 

28,000

 

 

118,000

 

Provisions

 

 

1,505,000

 

 

452,000

 

 

3,264,000

 

 

1,758,000

 

Settlements

 

 

(887,000)

 

 

(552,000)

 

 

(2,365,000)

 

 

(1,833,000)

 

Foreign currency translation

 

 

9,000

 

 

5,000

 

 

(73,000)

 

 

(29,000)

 

Ending balance

 

$

2,594,000

 

$

1,603,000

 

$

2,594,000

 

$

1,603,000

 

 

The warranty provisions for the three and nine months ended April 30, 2016 and 2015 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.