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Warranties
6 Months Ended
Feb. 28, 2023
Product Warranties Disclosures [Abstract]  
Warranties

Note 9 – Warranties

The following table provides the changes in the Company’s product warranties:

 

 

Three months ended

 

 

Six months ended

 

($ in thousands)

 

February 28,
2023

 

 

February 28,
2022

 

 

February 28,
2023

 

 

February 28,
2022

 

Product warranty accrual balance, beginning of period

 

$

13,602

 

 

$

12,379

 

 

$

14,080

 

 

$

12,736

 

Liabilities accrued for warranties during the period

 

 

2,888

 

 

 

1,825

 

 

 

4,128

 

 

 

4,219

 

Warranty claims paid during the period

 

 

(2,318

)

 

 

(1,250

)

 

 

(4,036

)

 

 

(4,001

)

Changes in estimates

 

 

-

 

 

 

(136

)

 

 

-

 

 

 

(136

)

Product warranty accrual balance, end of period

 

$

14,172

 

 

$

12,818

 

 

$

14,172

 

 

$

12,818