NOTE 6

Warranty

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


	Nine-Months Ended February 28,
	2015			2014
	(Dollars in thousands)

Balance at the beginning of the period	$	5,697		$	5,882
Accruals for warranties		4,932			4,106
Settlements made during the period		(4,907	)		(3,867	)

Balance at the end of the period		5,722			6,121

Non-current balance included in other deferred liabilities		2,000			2,200


Accrued warranty and related expenses	$	3,722		$	3,921

At February 28, 2015, the total current obligation for warranty and related expenses associated with the recreational vehicle segment is estimated to be $965,000. At February 28, 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.