Annual report pursuant to Section 13 and 15(d)

Accrued Warranty Reserve

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Accrued Warranty Reserve
12 Months Ended
Mar. 31, 2019
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 proactively retrofit selected non-Signature Series C200 microturbines with the more robust new Signature Series generator components to improve product performance and reliability. The remaining non-cash warranty provision of approximately $0.6 million for this reliability repair program was reversed during the fiscal year ended March 31, 2018 because the program was completed. Changes in the accrued warranty reserve are as follows as of March 31, 2019 and 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

2019

 

2018

    

Balance, beginning of the period

 

$

1,682

 

$

3,766

 

Standard warranty provision

 

 

2,200

 

 

1,702

 

Accrual related to reliability repair programs

 

 

 —

 

 

(760)

 

Deductions for warranty claims

 

 

(1,268)

 

 

(3,026)

 

Balance, end of the period

 

$

2,614

 

$

1,682