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Product Warranty
6 Months Ended
Sep. 30, 2015
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 accrued liabilities and amounts expected to be incurred beyond twelve months are classified as other liabilities in the condensed consolidated financial statements. 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 costs, the Company bases its estimates on its experience with the technology involved and the types 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 six months ended September 30, 2015 and October 3, 2014:

 

     Six Months Ended  
     September 30, 2015      October 3, 2014  
     (In thousands)  

Balance, beginning of period

   $ 15,545       $ 17,023   

Change in liability for warranties issued in period

     1,614         3,072   

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

     (4,178      (3,954
  

 

 

    

 

 

 

Balance, end of period

   $ 12,981       $ 16,141