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Product Warranty. We recognized $468,000 of warranty expense, representing a $254,000 increase (about $168,000 after tax or about $0.01 per share) compared with the $214,000 recognized in the comparative year ago period. Foreign Currency Devaluation. Year-over-year US dollar translated revenues were adversely affected by devaluation of the British pound and euro. All told, the devaluation of the ...

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