WARRANTY OBLIGATIONS

12 Months Ended

Mar. 31, 2013

5. WARRANTY OBLIGATIONS

Certain of the Company’s products carry a one-year warranty, the costs of which are accrued for at time of shipment or delivery. Accrual rates are based upon historical experience over the preceding twelve months and management’s judgment of future exposure. Warranty experience for the years ended March 31, 2013 and 2012 is as follows:

(In thousands)	2013			2012
Warranty accrual at beginning of period	$	358		$	1,225
Accruals for warranties issued during the period	548			632
Adjustment of preexisting accrual estimates	152			(63		)
Warranty costs incurred during period	(661		)	(1,436		)
Warranty accrual at end of period	$	397		$	358