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Product Warranty
3 Months Ended
Jun. 28, 2013
Product Warranties Disclosures [Abstract]  
Product Warranty

Note 7 — 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 during the three months ended June 28, 2013 and June 29, 2012:

 

     Three Months Ended  
     June 28, 2013     June 29, 2012  
     (In thousands)  

Balance, beginning of period

   $ 14,107      $ 11,651   

Change in liability for warranties issued in period

     2,130        2,480   

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

     (1,508     (1,246
  

 

 

   

 

 

 

Balance, end of period

   $ 14,729      $ 12,885