Product Warranty |
6 Months Ended |
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Sep. 30, 2011 | |
| Product Warranty [Abstract] | |
| Product Warranty |
3. Product Warranty:
Prior to the sale of the DRIE assets in the prior fiscal year, the Company provided warranties on all system sales based on the estimated cost of product warranties at the time revenue was recognized. The warranty obligation was affected by product failure rates, material usage rates, and the efficiency by which the product failure was corrected. There is no warranty activity related to continuing operations for the three and six months ended September 30, 2011 and 2010.
As part of the consideration paid in the sale of the DRIE assets in the prior fiscal year, all existing customer contracts, including all installation and warranty obligations of existing customers, were assumed by the buyer of those assets.
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