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 three months ended October 31, 2016 and 2015 (in millions):



	Three Months Ended October 31,
	2016			2015
Beginning balance	$	11.9		$	8.6
Accruals for warranties issued during the reporting period	0.7			1.3
Accruals related to pre-existing warranties (including changes in estimates)	3.8			2.2
Less settlements made during the period	(1.0		)	(0.5		)
Ending balance	$	15.4		$	11.6

While the current fiscal year period included increased warranty costs, there were no individually material specific warranty matters accrued for in the three months ended October 31, 2016 or 2015. The Company’s warranty matters are not expected to have a material impact on its results of operations, liquidity or financial position.