XML 81 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Product Warranty
12 Months Ended
Mar. 29, 2013
Product Warranty

Note 13 — Product Warranty

The Company provides limited warranties on its products for periods of up to five years. The Company records a liability for its warranty obligations when products are shipped or they are included in long-term construction contracts based upon an estimate of expected warranty costs. Amounts expected to be incurred within twelve months are classified as a current liability. For mature products, the warranty cost estimates are based on historical experience with the particular product. For newer products that do not have a history of warranty cost, the Company bases its estimates on its experience with the technology involved and the type of failures that may occur. It is possible that the Company’s underlying assumptions will not reflect the actual experience and in that case, future adjustments will be made to the recorded warranty obligation. The following table reflects the change in the Company’s warranty accrual in fiscal years 2013, 2012 and 2011.

 

     Fiscal Years Ended  
     March 29,
2013
    March 30,
2012
    April 1,
2011
 
     (In thousands)  

Balance, beginning of period

   $ 11,651      $ 12,942      $ 11,208   

Change in liability for warranties issued in period

     7,441        5,441        7,396   

Settlements made (in cash or in kind) during the period

     (4,985     (6,732     (5,662
  

 

 

   

 

 

   

 

 

 

Balance, end of period

   $ 14,107      $ 11,651      $ 12,942