Warranty Accrual

3 Months Ended

Apr. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

The Company provides a warranty against all substantial defects in material and workmanship. In 2005 the Company extended its standard warranty from five years to 10 years. Effective February 1, 2014 the Company modified its warranty to a limited lifetime warranty. The new warranty effective February 1, 2014 is not anticipated to have a significant effect on warranty expense. The Company’s warranty is not a guarantee of service life, which depends upon events outside the Company’s control and may be different from the warranty period. The Company accrues an estimate of its exposure to warranty claims based upon both product sales data and an analysis of actual warranty claims incurred. At the current time, management cannot reasonably determine whether warranty claims for the upcoming fiscal year will be less than, equal to, or greater than warranty claims incurred in 2013.

The following is a summary of the Company’s warranty-claim activity for the three months ended April 30, 2014 and 2013.



	Three Months Ended
	4/30/2014			4/30/2013
	(In thousands)
Beginning balance	$	1,000		$	1,000
Provision	135			141
Costs incurred	(135		)	(141		)
Ending balance	$	1,000		$	1,000