Graham Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Accounting and Repoting Changes - Impact of Adoption of the New Revenue Recognition Standard on Consolidated Statements of Income and Balance Sheet (Detail)

Accounting and Repoting Changes - Impact of Adoption of the New Revenue Recognition Standard on Consolidated Statements of Income and Balance Sheet (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Apr. 01, 2018	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017
Consolidated Statements of Income
Net sales	$ 21,441	$ 17,224	$ 50,992	$ 38,075
Cost of products sold	15,214	13,483	37,623	29,556
Gross profit	6,227	3,741	13,369	8,519
Selling, general and administrative	4,718	3,671	9,269	7,325
Income before provision for income taxes	2,005	(26)	5,030	1,307
Provision for income taxes	178	(36)	880	362
Net income	1,827	10	4,150	945
Assets
Trade accounts receivable, net of allowances	15,556		15,556				$ 17,026
Unbilled revenue	10,582		10,582			$ 6,092	8,079
Inventories	20,763		20,763				11,566
Prepaid expenses and other current assets	1,572		1,572				772
Other assets	173		173				202
Liabilities and stockholders’ equity
Accounts payable	9,317		9,317				16,151
Accrued compensation	5,604		5,604				4,958
Accrued expenses and other current liabilities	3,541		3,541				2,885
Customer deposits	30,539		30,539			26,585	13,213
Deferred income tax liability	1,446		1,446				1,427
Stockholders’ equity:
Retained earnings	100,271	$ 109,731	100,271	$ 109,731	$ 99,427		99,011	$ 110,600	$ 110,544
Accumulated other comprehensive loss	(8,243)		(8,243)				$ (8,250)
ASU 2014-09 [Member]
Assets
Trade accounts receivable, net of allowances						17,564
Unbilled revenue						6,092
Inventories						24,551
Prepaid expenses and other current assets						890
Other assets						271
Liabilities and stockholders’ equity
Accounts payable						15,445
Accrued compensation						4,786
Accrued expenses and other current liabilities						3,369
Customer deposits						26,585
Deferred income tax liability						1,194
Stockholders’ equity:
Retained earnings						97,989
ASU 2014-09 [Member] \| Balances Without Adoption of Revenue Recognition Standard [Member]
Consolidated Statements of Income
Net sales	22,613		49,135
Cost of products sold	16,136		35,776
Gross profit	6,477		13,359
Selling, general and administrative	4,808		9,284
Income before provision for income taxes	2,165		5,005
Provision for income taxes	217		874
Net income	1,948		4,131
Assets
Trade accounts receivable, net of allowances	12,097		12,097
Unbilled revenue	11,671		11,671
Inventories	9,960		9,960
Prepaid expenses and other current assets	1,430		1,430
Other assets	147		147
Liabilities and stockholders’ equity
Accounts payable	10,037		10,037
Accrued compensation	5,800		5,800
Accrued expenses and other current liabilities	3,625		3,625
Customer deposits	14,957		14,957
Deferred income tax liability	1,711		1,711
Stockholders’ equity:
Retained earnings	101,254		101,254
Accumulated other comprehensive loss	(8,251)		(8,251)
ASU 2014-09 [Member] \| Effect of Change [Member]
Consolidated Statements of Income
Net sales	(1,172)		1,857
Cost of products sold	(922)		1,847
Gross profit	(250)		10
Selling, general and administrative	(90)		(15)
Income before provision for income taxes	(160)		25
Provision for income taxes	(39)		6
Net income	(121)		19
Assets
Trade accounts receivable, net of allowances	3,459		3,459			538
Unbilled revenue	(1,089)		(1,089)			(1,987)
Inventories	10,803		10,803			12,985
Prepaid expenses and other current assets	142		142			118
Other assets	26		26			69
Liabilities and stockholders’ equity
Accounts payable	(720)		(720)			(706)
Accrued compensation	(196)		(196)			(172)
Accrued expenses and other current liabilities	(84)		(84)			484
Customer deposits	15,582		15,582			13,372
Deferred income tax liability	(265)		(265)			(233)
Stockholders’ equity:
Retained earnings	(983)		(983)			$ (1,022)
Accumulated other comprehensive loss	$ 8		$ 8