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PRODUCT WARRANTIES (Tables)
12 Months Ended
May 31, 2022
PRODUCT WARRANTIES  
Liability for product warranties

Following is a summary of changes in the Company’s liability for product warranties during the fiscal years ended May 31, 2022 and 2021 (in thousands):

 

 

 

May 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Balance at the beginning of the year

 

$494

 

 

$246

 

Accruals for warranties issued during the year

 

 

465

 

 

 

390

 

Adjustment to previously existing warranty

 

 

98

 

 

 

346

 

Consumption of reserves

 

 

(647)

 

 

(488)

 

 

 

 

 

 

 

 

 

Balance at the end of the year

 

$410

 

 

$494