Warranties

9 Months Ended

Jul. 31, 2024

We offer warranties to our customers depending on the specific product and terms of the customer purchase agreement. A typical warranty program requires that we repair or replace defective products within a specified time period (generally one year) measured from the date of delivery or first use. We record an estimate for future warranty-related costs based on actual historical return rates. Based on analysis of return rates and other factors, the adequacy of our warranty provisions is adjusted as necessary. The liability for warranty costs is included in Accrued liabilities in the Consolidated Balance Sheets.

Following is a reconciliation of the product warranty liability for the nine months ended July 31, 2024 and 2023:


	July 31, 2024		July 31, 2023
Beginning balance at October 31	$	14,401	$	11,723
Accruals for warranties	10,841		14,938
Warranty payments	(11,279)		(12,939)
Currency effect	(209)		566
Ending balance	$	13,754	$	14,288