PRODUCT WARRANTIES

9 Months Ended

Nov. 30, 2015

NOTE 11 - PRODUCT WARRANTIES

The Company generally warrants its products against defects over periods ranging from 12 to 24 months. An accrual for estimated future costs relating to products returned under warranty is recorded as an expense when products are shipped. At the end of each fiscal quarter, the Company adjusts its liability for warranty claims based on its actual warranty claims experience as a percentage of revenues for the preceding one to two years and also considers the impact of the known operational issues that may have a greater impact than historical trends. The warranty reserve is included in other current liabilities in the unaudited consolidated balance sheets. Activity in the accrued warranty costs liability for the nine months ended November 30, 2015 and 2014 is as follows (in thousands):

	Nine Months Ended
	November 30,
	2015			2014
Balance at beginning of period	$	1,819		$	1,516
Charged to costs and expenses		1,088			1,097
Deductions		(781	)		(778)
Balance at end of period	$	2,126		$	1,835