XML 26 R15.htm IDEA: XBRL DOCUMENT v3.24.4
Product Warranty Costs
 3 Months Ended
Nov. 30, 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 is a roll-forward of the changes in product warranty reserves for the three months ended November 30, 2024 and 2023 (in thousands):
 Three Months Ended November 30,
 20242023
Beginning balance$534 $856 
Provision for warranties187 45 
Warranty payments and costs incurred(216)(164)
Impact of changes in foreign currency rates(12)2 
Ending balance$493 $739