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PRODUCT WARRANTIES (Tables)
12 Months Ended
May 31, 2023
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, 2023 and 2022 (in thousands):

 

 

 May 31,

 

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Balance at the beginning of the year

 

$410

 

 

$494

 

Accruals for warranties issued during the year

 

 

420

 

 

 

465

 

Adjustment to previously existing warranty

 

 

61

 

 

 

98

 

Consumption of reserves

 

 

(624)

 

 

(647)

 

 

 

 

 

 

 

 

 

Balance at the end of the year

 

$267

 

 

$410