Annual report pursuant to Section 13 and 15(d)

Accrued Warranty Reserve

v3.8.0.1
Accrued Warranty Reserve
12 Months Ended
Mar. 31, 2018
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 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, 2018 and 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

2018

    

2017

 

Balance, beginning of the period

 

$

3,766

 

$

1,639

 

Standard warranty provision

 

 

1,702

 

 

1,944

 

Accrual related to reliability repair programs

 

 

(760)

 

 

5,108

 

Deductions for warranty claims

 

 

(3,026)

 

 

(4,925)

 

Balance, end of the period

 

$

1,682

 

$

3,766