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Financial and Other Guarantees(Notes)
6 Months Ended
Sep. 30, 2021
Product Warranties Disclosures [Abstract]  
Product Warranty Disclosure Financial and Other Guarantees
We generally offer a limited parts and labor warranty on capital equipment. The specific terms and conditions of those warranties vary depending on the product sold and the countries where we conduct business. We record a liability for the estimated cost of product warranties at the time product revenues are recognized. The amounts we expect to incur on behalf of our Customers for the future estimated cost of these warranties are recorded as a current liability on the accompanying Consolidated Balance Sheets. Factors that affect the amount of our warranty liability include the number and type of installed units, historical and anticipated rates of product failures, and material and service costs per claim. We periodically assess the adequacy of our recorded warranty liabilities and adjust the amounts as necessary.
Changes in our warranty liability during the first six months of fiscal 2022 were as follows:
Warranties
Balance, March 31, 2021$9,406 
Liabilities assumed in acquisition of Cantel4,769 
Warranties issued during the period8,027 
Settlements made during the period(8,786)
Balance, September 30, 2021$13,416