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Product Warranty
12 Months Ended
Mar. 31, 2016
Guarantees [Abstract]  
Product Warranty

Note 13 — Product Warranty

The Company provides limited warranties on its products for periods of up to five years. The Company records a liability for its warranty obligations when products are shipped or they are included in long-term construction contracts based upon an estimate of expected warranty costs. Amounts expected to be incurred within twelve months are classified as accrued liabilities and amounts expected to be incurred beyond twelve months are classified as other liabilities in the consolidated financial statements. For mature products, the warranty cost estimates are based on historical experience with the particular product. For newer products that do not have a history of warranty costs, the Company bases its estimates on its experience with the technology involved and the types of failures that may occur. It is possible that the Company’s underlying assumptions will not reflect the actual experience and in that case, future adjustments will be made to the recorded warranty obligation. The following table reflects the change in the Company’s warranty accrual in fiscal years 2016, 2015 and 2014.

 

     Fiscal Years Ended  
     March 31,
2016
     April 3,
2015
     April 4,
2014
 
     (In thousands)  

Balance, beginning of period

   $ 15,545       $ 17,023       $ 14,107   

Change in liability for warranties issued in period

     4,327         5,725         10,110   

Settlements made (in cash or in kind) during the period

     (8,438      (7,203      (7,194
  

 

 

    

 

 

    

 

 

 

Balance, end of period

   $ 11,434       $ 15,545       $ 17,023