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 nine months ended April 30, 2017 and 2016 (in millions):



	Nine Months Ended April 30,
	2017			2016
Beginning balance	$	11.9		$	8.6
Accruals for warranties issued during the reporting period	2.5			2.9
Accruals related to pre-existing warranties (including changes in estimates)	4.1			2.9
Less settlements made during the period	(3.0		)	(2.6		)
Ending balance	$	15.5		$	11.8

There were no individually material specific warranty matters accrued for in the nine months ended April 30, 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.