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Warranty
3 Months Ended
Sep. 30, 2017
Warranty [Abstract]  
Warranty

9.Warranty



Our In-Line and Near-Line Measurement Solutions generally carry a one to three-year warranty for parts and a one-year warranty for labor and travel related to warranty.  Product sales to the forest products industry carry a three-year warranty for TriCam® sensors.  Sales of ScanWorks® have a one-year warranty for parts.  Sales of WheelWorks® products have a two-year warranty for parts.  We provide a reserve for warranty based on our experience and knowledge.  Our Off-Line Measurement Solutions generally carry a twelve-month warranty after the machine passes the acceptance test or a fifteen-month warranty from the date of shipment, whichever date comes first, on parts only.



Factors affecting our warranty reserve include the number of units sold or in-service as well as historical and anticipated rates of claims and cost per claim.  We periodically assess the adequacy of our warranty reserve based on changes in these factors.  If a special circumstance arises which requires a higher level of warranty, we make a special warranty provision commensurate with the facts.



Changes to our warranty reserve is as follows (in thousands):



 

 

 

 

 



 

 

 



2017

 

2016

Beginning Balance at July 1,

$

548 

 

$

370 

Accruals - Current Year

 

190 

 

 

200 

Settlements/Claims (in cash or in kind)

 

(264)

 

 

(196)

Effects of Foreign Currency

 

 

 

Ending Balance at September 30,

$

478 

 

$

375