Quarterly report pursuant to Section 13 or 15(d)

ACCRUED WARRANTY

v2.4.0.8
ACCRUED WARRANTY
 6 Months Ended
Sep. 30, 2014
Product Warranties Disclosures [Abstract]  
ACCRUED WARRANTY
ACCRUED WARRANTY
The quarterly changes in the accrued warranty balance were (in thousands):
 
Three Months Ended
 
Six Months Ended
 
September 30, 2014
 
September 30, 2013
 
September 30, 2014
 
September 30, 2013
Beginning balance
$
5,898

 
$
7,015

 
$
6,116

 
$
7,520

Additional warranties issued
1,519

 
1,787

 
3,247

 
3,929

Adjustments for warranties issued in prior
fiscal years
(243
)
 
(22
)
 
140

 
(82
)
Settlements
(1,884
)
 
(2,291
)
 
(4,213
)
 
(4,878
)
Ending balance
$
5,290

 
$
6,489

 
$
5,290

 
$
6,489



We warrant our products against certain defects for one to three years. A provision for estimated future costs and estimated returns for credit 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.