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Warranties
12 Months Ended
Aug. 31, 2019
Product Warranties Disclosures [Abstract]  
Warranties

Note 17 - Warranties

Product Warranties 

The Company generally warrants its products against certain manufacturing and other defects.  These product warranties are provided for specific periods and/or usage of the product.  The accrued product warranty costs are for a combination of specifically identified items and other incurred, but not identified, items based primarily on historical experience of actual warranty claims.  This reserve is classified within other current liabilities.   

The following tables provide the changes in the Company’s product warranties: 

 

 

 

For the years ended August 31,

 

($ in thousands)

 

2019

 

 

2018

 

Product warranty accrual balance, beginning of period

 

$

7,109

 

 

$

8,411

 

Liabilities accrued for warranties during the period

 

 

7,263

 

 

 

5,228

 

Warranty claims paid during the period

 

 

(5,769

)

 

 

(5,848

)

Changes in estimates

 

 

357

 

 

 

141

 

Transfers to liabilities held-for-sale and divested businesses

 

 

 

 

(823

)

Product warranty accrual balance, end of period

 

$

8,960

 

 

$

7,109

 

 

 

Warranty costs were $7.6  million, $5.4 million, and $7.3 million for fiscal 2019, 2018, and 2017, respectively.