Annual report pursuant to Section 13 and 15(d)

Accrued Warranty Reserve

v3.7.0.1
Accrued Warranty Reserve
12 Months Ended
Mar. 31, 2017
Accrued Warranty Reserve  
Accrued Warranty Reserve

6. Accrued Warranty Reserve

During the fiscal year ended March 31, 2017, the Company recorded a one-time non-cash warranty provision of approximately $5.2 million to retrofit proactively selected non-Signature Series C200 microturbines with the more robust new Signature Series generator components to improve product performance and reliability. The balance of this reliability repair program as of March 31, 2017 was $2.2 million. Changes in the accrued warranty reserve are as follows as of March 31, 2017 and 2016 (in thousands):

 

 

 

 

 

 

 

 

 

 

2017

    

2016

 

Balance, beginning of the period

 

$

1,639

 

$

3,183

 

Standard warranty provision

 

 

1,944

 

 

127

 

Accrual related to reliability repair programs

 

 

5,108

 

 

(16)

 

Deductions for warranty claims

 

 

(4,925)

 

 

(1,655)

 

Balance, end of the period

 

$

3,766

 

$

1,639