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Warranties (Tables)
9 Months Ended
May 31, 2023
Product Warranties Disclosures [Abstract]  
Schedule of Product Warranty Liability

The following table provides the changes in the Company’s product warranties:

 

 

Three months ended

 

 

Nine months ended

 

($ in thousands)

 

May 31,
2023

 

 

May 31,
2022

 

 

May 31,
2023

 

 

May 31,
2022

 

Product warranty accrual balance, beginning of period

 

$

14,172

 

 

$

12,818

 

 

$

14,080

 

 

$

12,736

 

Liabilities accrued for warranties during the period

 

 

3,686

 

 

 

3,317

 

 

 

7,814

 

 

 

7,536

 

Warranty claims paid during the period

 

 

(3,369

)

 

 

(2,600

)

 

 

(7,405

)

 

 

(6,601

)

Changes in estimates

 

 

 

 

 

(58

)

 

 

 

 

 

(194

)

Product warranty accrual balance, end of period

 

$

14,489

 

 

$

13,477

 

 

$

14,489

 

 

$

13,477