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Warranties
9 Months Ended
May 31, 2024
Product Warranties Disclosures [Abstract]  
Warranties

Note 10 – Warranties

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

 

 

Three months ended

 

 

Nine months ended

 

($ in thousands)

 

May 31,
2024

 

 

May 31,
2023

 

 

May 31,
2024

 

 

May 31,
2023

 

Product warranty accrual balance, beginning of period

 

$

14,371

 

 

$

14,172

 

 

$

14,535

 

 

$

14,080

 

Liabilities accrued for warranties during the period

 

 

2,097

 

 

 

3,686

 

 

 

5,844

 

 

 

7,814

 

Warranty claims paid during the period

 

 

(2,020

)

 

 

(3,369

)

 

 

(5,931

)

 

 

(7,405

)

Product warranty accrual balance, end of period

 

$

14,448

 

 

$

14,489

 

 

$

14,448

 

 

$

14,489