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Note 9 - Warranties

6 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Product Warranty Disclosure [Text Block]

9) Warranties

The expected cost associated with warranty obligations on our products is recorded as a component of cost of sales when the revenue is recognized. The Company’s estimate of warranty cost is based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Since warranty estimates are forecasts based on the best available information, claims costs may differ from amounts provided. Adjustments to initial obligations for warranties are made as changes in the obligations become reasonably estimable.

The changes in warranty reserve from continuing operations, which are recorded as a component of accrued liabilities, as of December 31, 2019 and June 30, 2019 were as follows (in thousands):

		*December 31, 2019*				*June 30, 2019*
Balance at beginning of year		$	5,278			$	4,966
Acquisitions and other			10				(85	)
Warranty expense			3,359				5,016
Warranty claims			(2,994	)			(4,619	)
Balance at end of period		$	5,653			$	5,278