Warranty

The Company estimates warranty expense using quantitative measures based on historical warranty claim experience and evaluation of specific customer warranty issues. Following is a reconciliation of warranty reserves for the six months ended January 31, 2017 and 2016 (in millions):



	Six Months Ended January 31,
	2017			2016
Beginning balance	$	11.9		$	8.6
Accruals for warranties issued during the reporting period	1.5			2.6
Accruals related to pre-existing warranties (including changes in estimates)	3.8			2.7
Less settlements made during the period	(2.5		)	(1.7		)
Ending balance	$	14.7		$	12.2

There were no individually material specific warranty matters accrued for in the six months ended January 31, 2017 or 2016. The Company’s warranty matters are not expected to have a material impact on its results of operations, liquidity or financial position.