Quarterly report pursuant to Section 13 or 15(d)

ACCRUED WARRANTY

v3.3.1.900
ACCRUED WARRANTY
 9 Months Ended
Dec. 31, 2015
Product Warranties Disclosures [Abstract]  
ACCRUED WARRANTY
ACCRUED WARRANTY
The changes in the accrued warranty balance were (in thousands):
 
Three Months Ended
 
Nine Months Ended
 
December 31, 2015
 
December 31, 2014
 
December 31, 2015
 
December 31, 2014
Beginning balance
$
3,473

 
$
5,290

 
$
4,219

 
$
6,116

Additional warranties issued
1,550

 
1,596

 
4,680

 
4,843

Adjustments for warranties issued in prior
fiscal years
228

 
(319
)
 
159

 
(179
)
Settlements
(1,829
)
 
(1,779
)
 
(5,636
)
 
(5,992
)
Ending balance
$
3,422

 
$
4,788

 
$
3,422

 
$
4,788


We warrant our products against certain defects for one to three years. A provision for estimated future costs and estimated returns for repair or replacement relating to warranty is recorded when products are shipped and revenue recognized. Our estimate of future costs to satisfy warranty obligations is primarily based on historical trends and, if believed to be significantly different from historical trends, estimates of future failure rates and future costs of repair. Future costs of repair include materials consumed in the repair, labor and overhead amounts necessary to perform the repair. If we determine in a future period that either actual failure rates or actual costs of repair were to differ from our estimates, we record the impact of those differences in that future period.