WARRANTY RESERVES

12 Months Ended

Sep. 30, 2020

Product Warranties Disclosures [Abstract]

WARRANTY RESERVES

NOTE 7—WARRANTY RESERVES

IEC generally warrants its products and workmanship for up to twelve months from date of sale. As an offset to warranty claims, the Company is sometimes able to obtain reimbursement from suppliers for warranty-related costs or losses. Based on historical warranty claims experience and in consideration of sales trends, a reserve is maintained for estimated future warranty costs to be incurred on products and services sold through the balance sheet date. The warranty reserve is included in other accrued expenses on the consolidated balance sheets.

A summary of additions to and charges against IEC’s warranty reserves during the period follows: 

	Years Ended
Warranty Reserve	September 30, 2020		September 30, 2019
(in thousands)
Reserve, beginning of period	$	165	$	173
Provision	(14)		116
Warranty costs	(51)		(124)
Reserve, end of period	$	100	$	165