Quarterly report pursuant to Section 13 or 15(d)

Product Warranties (Notes)

v3.19.3
Product Warranties (Notes)
 6 Months Ended
Sep. 30, 2019
Product Warranties Disclosures [Abstract]  
Product Warranties
Product Warranties
The Company’s products carry a limited warranty ranging from one to five years for the products within the IBW segment, typically one year for products within the ISM segment, and one to seven years for products within the CNS segment. The specific terms and conditions of those warranties vary depending upon the customer and the products sold. Factors that affect the estimate of the Company’s warranty reserve include: the number of units shipped, anticipated rates of warranty claims, and cost per claim. The Company periodically assesses the adequacy of its recorded warranty liability and adjusts the reserve as necessary. The current portions of the warranty reserve are $85,000 and $74,000 as of September 30, 2019, and March 31, 2019, respectively, and are presented on the Condensed Consolidated Balance Sheets in Accrued expenses. The non-current portions of the warranty reserves are $45,000 and $56,000 as of September 30, 2019, and March 31, 2019, respectively, and are presented on the Condensed Consolidated Balance Sheets in Other non-current liabilities.
The following table presents the changes in the Company’s product warranty reserve:
 
Three months ended September 30,
 
Six months ended September 30,
(in thousands)
2019
 
2018
 
2019
 
2018
Total product warranty reserve at the beginning of the period
$
130

 
$
290

 
$
130

 
$
300

Warranty expense to cost of revenue
22

 
12

 
34

 
32

Utilization
(22
)
 
(17
)
 
(34
)
 
(47
)
Total product warranty reserve at the end of the period
$
130

 
$
285

 
$
130

 
$
285