Quarterly report pursuant to Section 13 or 15(d)

Product Warranties

v2.4.1.9
Product Warranties
 9 Months Ended
Dec. 31, 2014
Product Warranties Disclosures [Abstract]  
Product Warranties
Product Warranties
The Company’s products carry a limited warranty ranging from one to seven years for the products within the CSG segment and one to five years for products within the IBW segment. The specific terms and conditions of those warranties vary depending upon the customer and the products sold. Factors that enter into 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 were $549,000 and $286,000 as of December 31, 2014, and March 31, 2014, respectively, and are presented on the Condensed Consolidated Balance Sheets as Accrued expenses. The non-current portions of the warranty reserve were $146,000 and $42,000 as of December 31, 2014, and March 31, 2014, 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 December 31,
 
Nine months ended December 31,
(in thousands)
2014
 
2013
 
2014
 
2013
Total product warranty reserve at the beginning of the
period
$
666

 
$
325

 
$
328

 
$
152

Warranty reserve assumed from business acquisitions
—

 
—

 
—

 
54

Warranty expense to cost of revenue
64

 
73

 
474

 
343

Utilization
(35
)
 
(41
)
 
(107
)
 
(192
)
Total product warranty reserve at the end of the period
$
695

 
$
357

 
$
695

 
$
357