Product Warranty Costs

6 Months Ended

Feb. 29, 2020

Guarantees [Abstract]

Product Warranty Costs

Note 7. Product Warranty Costs

The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line in the Condensed Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following summarizes the changes in product warranty reserves for the six months ended February 29, 2020 and February 28, 2019, respectively (in thousands):

	Six Months Ended
	February 29, 2020			February 28, 2019
Beginning balance	$	1,145		$	931
Provision for warranties	135			807
Warranty payments and costs incurred	(418		)	(525		)
Warranty activity for divested businesses	(27		)	—
Reclass of liabilities held for sale	—			(33		)
Impact of changes in foreign currency rates	—			(9		)
Ending balance	$	835		$	1,171