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Product Warranty Liability
12 Months Ended
Jan. 31, 2014
Guarantees [Abstract]  
Product Warranty Liability

Note 14—Product Warranty Liability

Astro-Med offers a manufacturer’s warranty for the majority of its hardware products. The specific terms and conditions of warranty vary depending upon the product sold and country in which the Company does business. For products sold in the United States, the Company provides a basic limited warranty, including parts and labor. The Company estimates the warranty costs based on historical claims experience and records a liability in the amount of such estimates at the time product revenue is recognized. The Company regularly assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. Activity in the product warranty liability is as follows:

 

     January 31,  
     2014     2013  
(In thousands)             

Balance, beginning of the year

   $ 350      $ 343   

Warranties issued

     447        783   

Settlements made

     (442     (776
  

 

 

   

 

 

 

Balance, end of the year

   $ 355      $ 350