EnerSys
For the period ended Sep 29, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
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.
Sep 29, 2024 · Filed Nov 6, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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 | Six months ended | |||
|---|---|---|---|---|
| September 29, 2024 | October 1, 2023 | September 29, 2024 | October 1, 2023 | |
| Balance at beginning of period | $61,733 | $58,438 | $60,819 | $56,630 |
| Current period provisions | 7,027 | 7,784 | 14,174 | 16,469 |
| Costs incurred | (6,887) | (6,974) | (12,752) | (14,420) |
| Foreign currency translation adjustment | 670 | (412) | 302 | 157 |
| Balance at end of period | $62,543 | $58,836 | $62,543 | $58,836 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.