XML 61 R16.htm IDEA: XBRL DOCUMENT v3.3.0.814

Product Warranties

3 Months Ended

Oct. 31, 2015

Product Warranties

11. Product Warranties

The Company generally provides retail customers of its products with a one-year warranty covering defects in material or workmanship, with longer warranties on certain structural components. The Company records a liability based on its best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. Factors used in estimating the warranty liability include a history of units sold, existing dealer inventory, average cost incurred and a profile of the distribution of warranty expenditures over the warranty period. Management believes that the warranty reserves are adequate. However, actual claims incurred could differ from estimates, requiring adjustments to the reserves. Warranty reserves are reviewed and adjusted as necessary on at least a quarterly basis.

Changes in our product warranty reserves are as follows:

		Three Months Ended October  31,
		2015				2014
Beginning balance		$	108,206			$	94,938
Provision			26,233				29,461
Payments			(26,592	)			(26,759	)
Ending balance		$	107,847			$	97,640

X

- Definition

The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 460



-SubTopic 10



-Section 50



-Paragraph 8



-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

+ Details

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Balance Type:	na
Period Type:	duration