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Product Warranties | 9 Months Ended
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Jan. 26, 2019
Product Warranties |
Product Warranties | Note 8: Product Warranties We accrue an estimated liability for product warranties when we recognize revenue on the sale of warranted products. We estimate future warranty claims on new sales based on our historical claims experience and also provide for any additional anticipated future costs on previously sold products. We incorporate repair costs into our liability estimates, including materials, labor and overhead amounts necessary to perform repairs and any costs associated with delivering repaired product to our customers. Over 80% of our warranty liability relates to our Upholstery reportable segment as we generally warrant our products against defects for one year on fabric and leather, from one to ten years on cushions and padding, and provide a limited lifetime warranty on certain mechanisms and frames. Our Upholstery segment warranties cover labor costs relating to our parts for one year. We provide a limited lifetime warranty against defects on a majority of the products sold by Joybird, part of our Corporate and Other results. For all our manufacturer warranties, the warranty period begins when the consumer receives our product. We use considerable judgment in making our estimates, and we record differences between our actual and estimated costs when the differences are known. A reconciliation of the changes in our product warranty liability is as follows:
|  | Quarter Ended |  | Nine Months Ended
(Unaudited, amounts in thousands) |  | 1/26/2019 |  | 1/27/2018 |  | 1/26/2019 |  | 1/27/2018
Balance as of the beginning of the period |  | $ | 25,197 |  | $ | 21,606 |  | $ | 21,205 |  | $ | 21,870
Acquisitions |  |  | — |  |  | — |  |  | 4,100 |  |  | —
Accruals during the period |  |  | 5,660 |  |  | 4,654 |  |  | 16,270 |  |  | 14,155
Settlements during the period |  |  | (5,560) |  |  | (4,954) |  |  | (16,278) |  |  | (14,719)
Balance as of the end of the period |  | $ | 25,297 |  | $ | 21,306 |  | $ | 25,297 |  | $ | 21,306
As of January 26, 2019, and April 28, 2018, we included $16.7 million and $12.7 million, respectively, of our product warranty liability in accrued expenses and other current liabilities on our consolidated balance sheet, and included the remainder in other long-term liabilities. We recorded accruals during the periods presented in the table above, primarily to reflect charges that relate to warranties issued during the respective periods. The acquired warranty liability reflects our provisional estimate of the acquired warranty liabilities of Joybird on the acquisition date. See Note 2 for further information on our acquisition of Joybird.

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- 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 -URI http://asc.fasb.org/topic&trid=2155896 + Details
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