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Warranty
3 Months Ended
Sep. 30, 2011
Warranty [Abstract] 
Warranty

NOTE 3. WARRANTY

The warranty accrual is based on historical costs of warranty repairs and expected future identifiable warranty expenses, and is included in accrued expenses in the accompanying consolidated balance sheets. As of September 30 and June 30, 2011, the warranty reserve amounted to $713,000 and $732,000, respectively. Warranty expenses are included in cost of sales in the accompanying consolidated statements of income. Changes in estimates to previously established warranty accruals result from current period updates to assumptions regarding repair costs and warranty return rates, and are included in current period warranty expense. The total warranty expense for the three months ended September 30, 2011 and 2010 was $234,000 and $104,000, respectively.

 

Information regarding the accrual for warranty costs for the three months ended September 30, 2011 and 2010 are as follows:

 

                 
     2011     2010  

Balance, beginning of period

    $ 732,000      $ 686,000   

Accruals during the period

    $ 135,000      $ 164,000   

Changes in estimates of priod period accruals

    $ 99,000      $ (60,000 ) 

Warranty expenditures

    $ (253,000 )    $ (108,000 ) 
    

 

 

    

 

 

  

Balance, end of period

    $ 713,000      $ 682,000