NOTE 8 | Warranty |
A reconciliation of accrued warranty and related expenses is as follows:
Year ended May 31, | ||||||||
2013 | 2012 | |||||||
(Dollars in thousands) | ||||||||
Balance at the beginning of the period |
$ | 5,870 | $ | 4,966 | ||||
Accruals for warranties |
5,191 | 5,990 | ||||||
Settlements made during the period |
(5,179 | ) | (5,086 | ) | ||||
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Balance at the end of the period |
5,882 | 5,870 | ||||||
Non-current balance included in other deferred liabilities |
2,200 | 2,000 | ||||||
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Accrued warranty and related expenses |
$ | 3,682 | $ | 3,870 | ||||
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