Product Warranty Costs

3 Months Ended

Nov. 30, 2022

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 three months ended November 30, 2022 and 2021, respectively (in thousands):

	Three Months Ended November 30,
	2022		2021
Beginning balance	$	1,140	$	1,300
Provision for warranties	234		395
Warranty payments and costs incurred	(256)		(230)
Impact of changes in foreign currency rates	18		(31)
Ending balance	$	1,136	$	1,434