Product Warranty Costs

6 Months Ended

Feb. 29, 2024

Guarantees [Abstract]

Product Warranty Costs

Product Warranty Costs

The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line in the Condensed Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following summarizes the changes in product warranty reserves for the six months ended February 29, 2024 and the six months ended February 28, 2023, respectively (in thousands):

	Six Months Ended
	February 29, 2024		February 28, 2023
Beginning balance	$	856	$	1,140
Provision for warranties	132		389
Warranty payments and costs incurred	(318)		(416)
Impact of changes in foreign currency rates	(1)		20
Ending balance	$	669	$	1,133