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Warranty
9 Months Ended
Mar. 31, 2014
Warranty [Abstract]  
Warranty

11.Warranty

 

Some of the Company’s products, including the Prostiva products, are covered by warranties against defects in material and workmanship for periods of up to 24 months. The Company records a liability for warranty claims during the period of the sale. The amount of the liability is based on the trend in the historical ratio of product failure rates, material usage and service delivery costs to sales, the historical length of time between the sale and resulting warranty claim, and other factors.

 

Warranty provisions and claims for the nine-months ended March 31, 2014 and 2013 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning

 

Warranty

 

Warranty

 

Ending

Nine Months Ended

 

Balance

 

Provisions

 

Claims

 

Balance

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

$

58 

 

$

35 

 

$

(30)

 

$

63 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2013

$

47 

 

$

39 

 

$

(40)

 

$

46