Warranties
 6 Months Ended
Jan. 31, 2016
Warranties  
Warranties

 

Note 9.               Warranties

 

A summary of activity in the warranty reserves follows:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

January 31,

 

January 31,

 

 

 

2016

 

2015

 

2016

 

2015

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$
1,847,000

 

$
1,689,000

 

$
1,740,000

 

$
1,589,000

 

Acquisitions

 

—

 
117,000

 
28,000

 
117,000

 

Provisions

 
854,000

 
593,000

 
1,759,000

 
1,306,000

 

Settlements

 
(655,000

)
(681,000

)
(1,478,000

)
(1,281,000

)

Foreign currency translation

 
(79,000

)
(21,000

)
(82,000

)
(34,000

)

 

 

 

 

 

 

 

 

 

 

Ending balance

 

$
1,967,000

 

$
1,697,000

 

$
1,967,000

 

$
1,697,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The warranty provisions for the three and six months ended January 31, 2016 and 2015 relate principally to the Company’s endoscope reprocessing and water purification equipment. Warranty reserves are included in accrued expenses in the Condensed Consolidated Balance Sheets.