EnerSys
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
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Warranty
- Warranty
The Company provides for estimated product warranty expenses when products are sold, with related liabilities included within accrued expenses and other liabilities. As warranty estimates are forecasts that are based on the best available information, primarily historical claims experience, costs of claims may ultimately differ from amounts provided. An analysis of changes in the liability for product warranties is as follows:
| Quarter ended | ||
|---|---|---|
| June 30, 2024 | July 2, 2023 | |
| Balance at beginning of period | $60,819 | $56,630 |
| Current period provisions | 7,147 | 8,685 |
| Costs incurred | (5,865) | (7,446) |
| Foreign currency translation adjustment | (368) | 569 |
| Balance at end of period | $61,733 | $58,438 |
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