CPII » Topics » Product warranty:

This excerpt taken from the CPII 10-Q filed May 13, 2009.
Product Warranty:    The following table summarizes the activity related to product warranty:
 
   
Six Months Ended
 
   
April 3,
   
March 28,
 
   
2009
   
2008
 
Beginning accrued warranty
  $ 4,159     $ 5,578  
Estimates for product warranty, charged to cost of sales
    2,014       1,406  
Actual costs of warranty claims
    (2,192 )     (2,032 )
Ending accrued warranty
  $ 3,981     $ 4,952  

 
 
 
CPI INTERNATIONAL, INC.
and Subsidiaries
 
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(All tabular dollar amounts in thousands except share and per share amounts)


 
This excerpt taken from the CPII 10-Q filed Feb 11, 2009.
Product Warranty:    The following table summarizes the activity related to product warranty during the first quarter of fiscal years 2009 and 2008:
 
   
Quarter Ended
 
   
January 2,
   
December 28,
 
   
2009
   
2007
 
Beginning accrued warranty
  $ 4,159     $ 5,578  
Actual costs of warranty claims
    (1,183 )     (1,074 )
Estimates for product warranty, charged to cost of sales
    1,014       872  
Ending accrued warranty
  $ 3,990     $ 5,376  

These excerpts taken from the CPII 10-K filed Dec 15, 2008.
Product Warranty:    The Company’s products typically carry warranty periods of one to three years or warranties over a predetermined product usage life. The Company estimates the costs that may be incurred under its warranty plans and records a liability in the amount of such estimated costs at the time revenue is recognized. The determination of product warranty reserves requires the Company to make estimates of product return rates and expected cost to repair or replace the products under warranty. The Company assesses the adequacy of its preexisting warranty liabilities and adjusts the balance based on actual experience and changes in future expectations.
 
Product
Warranty:
    The Company’s products typically carry
warranty periods of one to three years or warranties over a predetermined
product usage life. The Company estimates the costs that may be incurred under
its warranty plans and records a liability in the amount of such estimated costs
at the time revenue is recognized. The determination of product warranty
reserves requires the Company to make estimates of product return rates and
expected cost to repair or replace the products under warranty. The Company
assesses the adequacy of its preexisting warranty liabilities and adjusts the
balance based on actual experience and changes in future
expectations.

 

This excerpt taken from the CPII 10-Q filed Feb 6, 2008.

Product warranty

 

Our products are generally warranted for a variety of periods, typically one to three years or a predetermined product usage life. A provision for estimated future costs of repair, replacement or customer accommodations is reflected in the consolidated financial statements included in this report. We assess the adequacy of our preexisting warranty liabilities and adjust the balance based on actual experience and changes in future expectations. The determination of product warranty reserves requires us to make estimates of product return rates and expected cost to repair or replace the products under warranty. If actual repair and replacement costs differ significantly from our estimates, then adjustments to recognize additional cost of sales may be required.

 

This excerpt taken from the CPII 10-K filed Dec 12, 2007.

Product warranty

        Our products are generally warranted for a variety of periods, typically one to three years or a predetermined product usage life. A provision for estimated future costs of repair, replacement or customer accommodations is reflected in the consolidated financial statements included in this report. We assess the adequacy of our preexisting warranty liabilities and adjust the balance based on actual experience and changes in future expectations. The determination of product warranty reserves requires us to make estimates of product return rates and expected cost to repair or replace the products under warranty. If actual repair and replacement costs differ significantly from our estimates, then adjustments to recognize additional cost of sales may be required.

This excerpt taken from the CPII 10-Q filed Aug 13, 2007.

Product warranty

Our products are generally warranted for a variety of periods, typically one to three years or a predetermined product usage life. A provision for estimated future costs of repair, replacement or customer accommodations is reflected in the consolidated financial statements included in this report. We assess the adequacy of our preexisting warranty liabilities and adjust the balance based on actual experience and changes in future expectations. The determination of product warranty reserves requires us to make estimates of product return rates and expected cost to repair or replace the products under warranty. If actual repair and replacement costs differ significantly from our estimates, then adjustments to recognize additional cost of sales may be required.

This excerpt taken from the CPII 10-Q filed May 14, 2007.

Product warranty

Our products are generally warranted for a variety of periods, typically one to three years or a predetermined product usage life. A provision for estimated future costs of repair, replacement or customer accommodations is reflected in the consolidated financial statements included in this report. We assess the adequacy of our preexisting warranty liabilities and adjust the balance based on actual experience and changes in future expectations. The determination of product warranty reserves requires us to make estimates of product return rates and expected cost to repair or replace the products under warranty. If actual repair and replacement costs differ significantly from our estimates, then adjustments to recognize additional cost of sales may be required.

This excerpt taken from the CPII 10-Q filed Feb 12, 2007.

Product warranty

Our products are generally warranted for a variety of periods, typically one to three years or a predetermined product usage life. A provision for estimated future costs of repair, replacement or customer accommodations is reflected in the consolidated financial statements included in this report. We assess the adequacy of our preexisting warranty liabilities and adjust the balance based on actual experience and changes in future expectations. The determination of product warranty reserves requires us to make estimates of product return rates and expected cost to repair or replace the products under warranty. If actual repair and replacement costs differ significantly from our estimates, then adjustments to recognize additional cost of sales may be required.

This excerpt taken from the CPII 10-K filed Dec 12, 2006.
Product Warranty:   The following table summarizes the activity related to product warranty during fiscal years 2006 and 2005:

 

 

September 29,

 

September 30,

 

 

 

2006

 

2005

 

Beginning accrued warranty

 

 

$

6,359

 

 

 

$

6,074

 

 

Econco acquisition

 

 

 

 

 

112

 

 

Cost of warranty claims

 

 

(5,794

)

 

 

(5,519

)

 

Accruals for product warranty, charged to cost of sales

 

 

5,393

 

 

 

5,692

 

 

Ending accrued warranty

 

 

$

5,958

 

 

 

$

6,359

 

 

 

This excerpt taken from the CPII 10-Q filed Aug 14, 2006.
Product warranty:   Our products are generally warranted for a variety of periods, typically one to three years or a predetermined product usage life. A provision for estimated future costs of repair, replacement or customer accommodations is reflected in the accompanying consolidated financial statements. We assess the adequacy of our preexisting warranty liabilities and adjust the balance based on actual experience and changes in future expectations. The determination of product warranty reserves requires us to make estimates of product return rates and expected cost to repair or replace the products under warranty. If actual repair and replacement costs differ significantly from our estimates, then adjustments to recognize additional cost of sales may be required.

This excerpt taken from the CPII 10-Q filed May 15, 2006.
Product warranty:   Our products are generally warranted for a variety of periods, typically one to three years or a predetermined product usage life. A provision for estimated future costs of repair, replacement or customer accommodations is reflected in the accompanying consolidated financial statements. We assess the adequacy of our preexisting warranty liabilities and adjust the balance based on actual experience and changes in future expectations. The determination of product warranty reserves requires us to make estimates of product return rates and expected cost to repair or replace the products under warranty. If actual repair and replacement costs differ significantly from our estimates, then adjustments to recognize additional cost of sales may be required.

 

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