XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.21.2

Warranties | 12 Months Ended
--- | ---
Aug. 31, 2021
Product Warranties Disclosures [Abstract] |
Warranties | Note 17 - Warranties Product Warranties The Company generally warrants its products against certain manufacturing and other defects and estimates the amount of warranty accrual based on various factors, including historical warranty costs, current claim trends, and operating revenue. These product warranties are provided for specific periods and/or usage of the product. The accrued product warranty costs are for a combination of specifically identified items and other incurred, but not identified, items based primarily on historical experience of actual warranty claims. This reserve is classified within other current liabilities. The following tables provide the changes in the Company’s product warranties:
|  | For the years ended August 31, |
($ in thousands) |  | 2021 |  |  | 2020 |
Product warranty accrual balance, beginning of period |  | $ | 10,765 |  |  | $ | 8,960 |
Liabilities accrued for warranties during the period |  |  | 7,286 |  |  |  | 7,895 |
Warranty claims paid during the period |  |  | (5,454 | ) |  |  | (6,970 | )
Changes in estimates |  |  | 139 |  |  |  | 880 |
Product warranty accrual balance, end of period |  | $ | 12,736 |  |  | $ | 10,765 |
Warranty costs were $7.4 million, $8.8 million, and $7.6 million for fiscal 2021, 2020, and 2019, respectively.

X
- References No definition available. + Details
Name: | us-gaap_ProductWarrantiesDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
Name: | us-gaap_ProductWarrantyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration