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Warranties
3 Months Ended
Jan. 31, 2018
Guarantees [Abstract]  
Warranties

10.

Warranties

We offer warranties to our customers depending on the specific product and terms of the customer purchase agreement.  A typical warranty program requires that we repair or replace defective products within a specified time period (generally one year) from the date of delivery or first use.  We record an estimate for future warranty-related costs based on actual historical return rates.  Based on analysis of return rates and other factors, the adequacy of our warranty provisions are adjusted as necessary.  The liability for warranty costs is included in accrued liabilities in the Consolidated Balance Sheet.  

Following is a reconciliation of the product warranty liability for the three months ended January 31, 2018 and 2017:

 

 

 

January 31, 2018

 

 

January 31, 2017

 

Beginning balance at October 31

 

$

13,377

 

 

$

11,770

 

Accruals for warranties

 

 

3,231

 

 

 

2,764

 

Warranty payments

 

 

(3,101

)

 

 

(2,514

)

Currency effect

 

 

383

 

 

 

(70

)

Ending balance

 

$

13,890

 

 

$

11,950