Annual report pursuant to Section 13 and 15(d)

ACCRUED WARRANTY

v3.4.0.3
ACCRUED WARRANTY
 12 Months Ended
Mar. 31, 2016
Product Warranties Disclosures [Abstract]  
ACCRUED WARRANTY
ACCRUED WARRANTY
The following table details the change in the accrued warranty balance (in thousands):
 
For the year ended March 31,
 
2016
 
2015
Beginning balance
$
4,219

 
$
6,116

Additional warranties issued
6,139

 
6,146

Adjustments for warranties issued in prior fiscal years
666

 
(185
)
Settlements
(7,594
)
 
(7,858
)
Ending balance
$
3,430

 
$
4,219



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.