JBL » Topics » b. Warranty Provision

This excerpt taken from the JBL 10-Q filed Apr 8, 2009.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty liability is included in accrued expenses on the Company’s Condensed Consolidated Balance Sheets. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. A rollforward of the warranty liability for the six months ended February 28, 2009 and February 29, 2008 is as follows (in thousands):

 

     Amount  

Balance at August 31, 2008

   $ 9,877  

Accruals for warranties

     4,433  

Settlements made

     (3,774 )
        

Balance at February 28, 2009

   $ 10,536  
        
     Amount  

Balance at August 31, 2007

   $ 7,575  

Accruals for warranties

     2,962  

Settlements made

     (2,088 )
        

Balance at February 29, 2008

   $ 8,449  
        
This excerpt taken from the JBL 10-Q filed Jan 9, 2009.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty liability is included in accrued expenses on the Company’s Condensed Consolidated Balance Sheet. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. A rollforward of the warranty liability for the three months ended November 30, 2008 and 2007 is as follows (in thousands):

 

     Amount  

Balance at August 31, 2008

   $ 9,877  

Accruals for warranties

     2,664  

Settlements made

     (2,828 )
        

Balance at November 30, 2008

   $ 9,713  
        
     Amount  

Balance at August 31, 2007

   $ 7,575  

Accruals for warranties

     1,184  

Settlements made

     (1,113 )
        

Balance at November 30, 2007

   $ 7,646  
        
These excerpts taken from the JBL 10-K filed Oct 29, 2008.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. A rollforward of the warranty liability is as follows (in thousands):

 

     Amount  

Balance at August 31, 2005

   $ 4,286  

Accruals for warranties during the year

     2,953  

Settlements made during the year

     (3,299 )
        

Balance at August 31, 2006

   $ 3,940  

Accruals for warranties during the year

     4,869  

Settlements made during the year

     (1,234 )
        

Balance at August 31, 2007

   $ 7,575  

Accruals for warranties during the year

     8,569  

Settlements made during the year

     (6,267 )
        

Balance at August 31, 2008

   $ 9,877  
        

b. Warranty Provision

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract
agreements. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product
under warranty. The estimate is reevaluated periodically for accuracy. A rollforward of the warranty liability is as follows (in thousands):

 



































































































   Amount 

Balance at August 31, 2005

  $4,286 

Accruals for warranties during the year

   2,953 

Settlements made during the year

   (3,299)
     

Balance at August 31, 2006

  $3,940 

Accruals for warranties during the year

   4,869 

Settlements made during the year

   (1,234)
     

Balance at August 31, 2007

  $7,575 

Accruals for warranties during the year

   8,569 

Settlements made during the year

   (6,267)
     

Balance at August 31, 2008

  $9,877 
     
This excerpt taken from the JBL 10-Q filed Jul 8, 2008.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty liability is included in accrued expenses on the Company’s Condensed Consolidated Balance Sheet. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. A rollforward of the warranty liability for the nine months ended May 31, 2008 and 2007 is as follows (in thousands):

 

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Table of Contents
     Amount  

Balance at August 31, 2007

   $ 7,575  

Accruals for warranties

     6,312  

Settlements made

     (4,079 )
        

Balance at May 31, 2008

   $ 9,808  
        
     Amount  

Balance at August 31, 2006

   $ 3,940  

Accruals for warranties

     4,247  

Settlements made

     (900 )
        

Balance at May 31, 2007

   $ 7,287  
        
This excerpt taken from the JBL 10-Q filed Apr 9, 2008.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty liability is included in accrued expenses on the Company’s Condensed Consolidated Balance Sheet. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. A rollforward of the warranty liability for the six months ended February 29, 2008 and February 28, 2007 is as follows (in thousands):

 

     Amount  

Balance at August 31, 2007

   $ 7,575  

Accruals for warranties

     2,962  

Settlements made

     (2,088 )
        

Balance at February 29, 2008

   $ 8,449  
        
     Amount  

Balance at August 31, 2006

   $ 3,940  

Accruals for warranties

     3,240  

Settlements made

     (764 )
        

Balance at February 28, 2007

   $ 6,416  
        
This excerpt taken from the JBL 10-Q filed Jan 8, 2008.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty liability is included in accrued expenses on the Company’s Condensed Consolidated Balance Sheet. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. A rollforward of the warranty liability for the three months ended November 30, 2007 and 2006 is as follows (in thousands):

 

     Amount  

Balance at August 31, 2007

   $ 7,575  

Accruals for warranties

     1,184  

Settlements made

     (1,113 )
        

Balance at November 30, 2007

   $ 7,646  
        
     Amount  

Balance at August 31, 2006

   $ 3,940  

Accruals for warranties

     2,690  

Settlements made

     (694 )
        

Balance at November 30, 2006

   $ 5,936  
        

 

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This excerpt taken from the JBL 10-K filed Oct 25, 2007.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty period varies by product and

 

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Table of Contents

customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. A rollforward of the warranty liability is as follows (in thousands):

 

     Amount  

Balance at August 31, 2004

   $ 6,411  

Accruals for warranties during the year

     2,337  

Settlements made during the year

     (4,462 )
        

Balance at August 31, 2005

     4,286  

Accruals for warranties during the year

     2,953  

Settlements made during the year

     (3,299 )
        

Balance at August 31, 2006

     3,940  

Accruals for warranties during the year

     4,869  

Settlements made during the year

     (1,234 )
        

Balance at August 31, 2007

   $ 7,575  
        
This excerpt taken from the JBL 10-Q filed Jul 6, 2007.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. The balance of the warranty liability and warranty expense was insignificant for all periods presented.

This excerpt taken from the JBL 10-Q filed May 24, 2007.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. The balance of the warranty liability and warranty expense was insignificant for all periods presented.

This excerpt taken from the JBL 10-Q filed May 24, 2007.

b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. The balance of the warranty liability and warranty expense was insignificant for all periods presented.

 

17


Table of Contents
This excerpt taken from the JBL 10-K filed May 15, 2007.

p. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty period varies by product and

 

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Table of Contents

customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. The balance of the warranty provision was insignificant for all periods presented.

This excerpt taken from the JBL 10-Q filed Jul 10, 2006.

    b. Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. The balance of the warranty provision was insignificant for all periods presented.

This excerpt taken from the JBL 10-Q filed Apr 7, 2006.

Warranty Provision

The Company maintains a provision for limited warranty repair of shipped products, which is established under the terms of specific manufacturing contract agreements. The warranty period varies by product and customer industry sector. The provision represents management’s estimate of probable liabilities, calculated as a function of sales volume and historical repair experience, for each product under warranty. The estimate is reevaluated periodically for accuracy. The balance of the warranty provision was insignificant for all periods presented.

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