XML 24 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 7 - Warranties
 6 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Product Warranty Disclosure [Text Block]
7
)      Warranties
 
The expected cost associated with warranty obligations on our products is recorded
as a component of cost of sales when the revenue is recognized. The Company’s estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Since warranty estimates are forecasts based on the best available information, claims costs
may
differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable.
 
 
 
 
 
 
 
The changes in warranty reserve, which are recorded as a component of accrued liabilities,
as of
December 31, 2017
and year ended
June 30, 2017
were as follows (in thousands):
 
   
December 31
,
201
7
    
June 30,
201
7
  
Balance at beginning of year
   $
9,243
     $
9,085
  
Acquisitions and other
    
8
      
301
  
Warranty expense
    
4,775
      
9,203
  
Warranty claims
    
(4,709
 )    
(9,346
 )
Balance at end of period
   $
9,317
     $
9,243