Note 16 - Product Warranty Reserve

9 Months Ended

Sep. 30, 2011

Product Warranty Disclosure [Text Block]

16.   Product Warranty Reserve

Our golf equipment is sold under warranty against defects in material and workmanship for a period of one year.  An allowance for estimated future warranty costs is recorded in the period products are sold.  In estimating our future warranty obligations, we consider various relevant factors, including our stated warranty policies, the historical frequency of claims, and the cost to replace or repair the product.  Accounting for product warranty reserve could be adversely affected if one or more of our products were to fail (i.e. suffer a broken shaft, head, etc.) to a significant degree above and beyond our historical product failure rates, which determine the product warranty accruals.

	Beginning Balance		Charges for Warranty Claims		Estimated Accruals		Ending Balance
Quarter ended December 31, 2010	$	427		(80)		(53)	$	294
Quarter ended March 31, 2011	$	294		(75)		78	$	297
Quarter ended June 30, 2011	$	297		(64)		38	$	271
Quarter ended September 30, 2011	$	271		(121)		112	$	262