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XIDE » Topics » Warranty

This excerpt taken from the XIDE 10-K filed Jun 29, 2005.

Warranty

 

The Company provides customers various warranty or return privileges in each of its segments. The estimated cost of warranty is recognized as a reduction of sales in the period in which the related revenue is recognized. These estimates are based upon historical trends and claims experience, and include assessment of the anticipated lag between the date of sale and claim date.

 

F-45

Table of Contents

EXIDE TECHNOLOGIES AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

A reconciliation of changes in the Company’s consolidated warranty liability follows:

 

Predecessor Company

         

Balance at March 31, 2003

    $ 62,464  

Accrual for warranties provided during the period

      49,960  

Settlements made (in cash or credit) during the period

      (58,287 )

Currency translation

      4,531  
    

Balance at March 31, 2004

    $ 58,668  
    

Accrual for warranties provided during the period

      4,390  

Settlements made (in cash or credit) during the period

      (4,305 )

Currency translation

      (665 )
    

Balance at May 5, 2004

    $ 58,088  
    

Successor Company

         

Balance at May 5, 2004

    $ 58,088  

Accrual for warranties provided during the period

      37,445  

Settlements made (in cash or credit) during the period

      (48,528 )

Currency translation

      2,025  
    

Balance at March 31, 2005

    $ 49,030  
    

 

This excerpt taken from the XIDE 10-K filed Mar 1, 2005.

Warranty

 

The Company provides customers various warranty or return privileges in each of its three segments. The estimated cost of warranty is recognized as a reduction of sales in the period in which the related revenue is recognized. These estimates are based upon historical trends and claims experience, and include assessment of the anticipated lag between the date of sale and claim date.

 

A reconciliation of changes in the Company’s consolidated warranty liability for fiscal 2004 follows:

 

Balance at March 31, 2003

    $ 62,464  

Accrual for warranties provided during the period

      49,960  

Settlements made (in cash or credit) during the period

      (58,287 )

Currency translation

      4,531  
    

Balance at March 31, 2004

    $ 58,668  
    

 

This excerpt taken from the XIDE 10-Q filed Feb 14, 2005.

Warranty

 

The Company provides customers various warranty or return privileges in each of its segments. The estimated cost of warranty is recognized as a reduction of sales in the period in which the related revenue is recognized. These estimates are based upon historical trends and claims experience, and include assessment of the anticipated lag between the date of sale and claim date.

 

A reconciliation of changes in the Company’s consolidated warranty liability follows:

 

Predecessor Company

         

Balance at March 31, 2004

    $ 58,668  

Accrual for warranties provided during the period

      4,390  

Settlements made (in cash or credit) during the period

      (4,305 )

Currency translation

      (665 )
    

Balance at May 5, 2004

    $ 58,088  
    

Successor Company

         

Balance at May 5, 2004

    $ 58,088  

Accrual for warranties provided during the period

      30,384  

Settlements made (in cash or credit) during the period

      (40,285 )

Currency translation

      3,277  
    

Balance at December 31, 2004

    $ 51,464  
    

 

EXCERPTS ON THIS PAGE:

10-K
Jun 29, 2005
10-K
Mar 1, 2005
10-Q
Feb 14, 2005

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