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Product Warranty
9 Months Ended
Jan. 31, 2013
Product Warranty [Abstract]  
Product Warranty

NOTE G--PRODUCT WARRANTY

 

The Company estimates outstanding warranty costs based on the historical relationship between warranty claims and revenues.  The warranty accrual is reviewed monthly to verify that it properly reflects the remaining obligation based on the anticipated expenditures over the balance of the obligation period.  Adjustments are made when actual warranty claim experience differs from estimates.  Warranty claims are generally made within two months of the original shipment date.

 

 

The following is a reconciliation of the Company’s warranty liability:

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

January 31,

(in thousands)

 

2013

 

2012

Beginning balance at May 1

 

$

1,885 

 

$

1,738 

Accrual

 

 

6,959 

 

 

6,337 

Settlements

 

 

(7,168)

 

 

(6,384)

 

 

 

 

 

 

 

Ending balance at January 31

 

$

1,676 

 

$

1,691