NOTE 7

Warranty

A reconciliation of accrued warranty and related expenses is as follows:


	Year ended May 31,
	2015			2014
	(Dollars in thousands)
Balance at the beginning of the period	$	5,697		$	5,882
Accruals for warranties		8,395			5,224
Settlements made during the period		(7,181	)		(5,409	)

Balance at the end of the period		6,911			5,697
Non-current balance included in other deferred liabilities		2,400			2,000

Accrued warranty and related expenses	$	4,511		$	3,697

At May 31, 2015, the total current obligation for warranty and related expenses associated with discontinued operations is estimated to be $642,000. At May 31, 2014, the total obligation for warranty and related expenses associated with the recreational vehicle segment was estimated to be $1,900,000; consisting of an estimated current obligation of $1,200,000 and non-current obligation of $700,000.