Product Warranties

9 Months Ended

Apr. 30, 2018

Guarantees and Product Warranties [Abstract]

Product Warranties

11. Product Warranties

The Company generally provides retail customers of its products with a one-year or two-year warranty covering defects in material or workmanship, with longer warranties on certain structural components. The Company records a liability based on its best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. Factors used in estimating the warranty liability include a history of units sold, existing dealer inventory, average cost incurred and a profile of the distribution of warranty expenditures over the warranty period. Management believes that the recorded warranty liabilities are adequate, however, actual claims incurred could differ from estimates, requiring adjustments to the liabilities. Warranty liabilities are reviewed and adjusted as necessary on at least a quarterly basis.

Changes in our product warranty liabilities are as follows:

	Three Months Ended April 30,						Nine Months Ended April 30,
	2018			2017			2018			2017
Beginning balance	$	243,310		$	209,173		$	216,781		$	201,840
Provision		71,037			50,358			198,079			146,454
Payments		(54,218	)		(44,613	)		(154,731	)		(133,376	)
Ending balance	$	260,129		$	214,918		$	260,129		$	214,918