WARRANTY OBLIGATIONS

12 Months Ended

Mar. 31, 2015

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, 2015 and 2014 is as follows:

(In thousands)	2015			2014
Warranty accrual at beginning of period	$	404		$	397
Accruals for warranties issued during the period	237			564
Adjustment of preexisting accrual estimates	(217		)	(179		)
Warranty costs incurred during period	(265		)	(378		)
Warranty accrual at end of period	$	159		$	404