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Warranties
 12 Months Ended
Jul. 31, 2016
Warranties  
Warranties

8.Warranties

 

A summary of activity in the warranty reserves follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended July 31,

 

 

 

2016

    

2015

 

 

 

 

 

 

 

 

 

Beginning balance

 

$
1,740,000

 

$
1,589,000

 

Acquisitions

 

 
28,000

 

 
118,000

 

Provisions

 

 
4,554,000

 

 
2,583,000

 

Settlements

 

 
(3,622,000)

 

 
(2,523,000)

 

Foreign currency translation

 

 
(125,000)

 

 
(27,000)

 

Ending balance

 

$
2,575,000

 

$
1,740,000

 

 

The warranty provisions and settlements in fiscals 2016 and 2015 relate principally to the Company’s endoscope reprocessing and water purification products. Warranty reserves are included in accrued expenses in the Consolidated Balance Sheets.