Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.19.3
Revenue Recognition (Tables)
6 Months Ended
Sep. 30, 2019
Revenue From Contract With Customer [Abstract]  
Revenue Disaggregated by Product Line and Geographic Area

The following table presents the Company’s revenue disaggregated by product line and geographic area:

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

September 30,

 

 

September 30,

 

Product Line

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Heat transfer equipment

 

$

6,479

 

 

$

6,173

 

 

$

14,331

 

 

$

10,331

 

Vacuum equipment

 

 

8,733

 

 

 

7,842

 

 

 

14,263

 

 

 

25,058

 

All other

 

 

6,431

 

 

 

7,426

 

 

 

13,642

 

 

 

15,603

 

Net sales

 

$

21,643

 

 

$

21,441

 

 

$

42,236

 

 

$

50,992

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia

 

$

1,018

 

 

$

1,876

 

 

$

4,237

 

 

$

4,625

 

Canada

 

 

1,896

 

 

 

3,473

 

 

 

3,244

 

 

 

15,123

 

Middle East

 

 

512

 

 

 

464

 

 

 

1,285

 

 

 

899

 

South America

 

 

2,117

 

 

 

68

 

 

 

2,476

 

 

 

192

 

U.S.

 

 

15,731

 

 

 

15,073

 

 

 

30,179

 

 

 

28,526

 

All other

 

 

369

 

 

 

487

 

 

 

815

 

 

 

1,627

 

Net sales

 

$

21,643

 

 

$

21,441

 

 

$

42,236

 

 

$

50,992

 

Schedule of Net Contract Assets (Liabilities)

Net contract assets (liabilities) consisted of the following:

 

 

 

September 30, 2019

 

 

March 31, 2019

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled revenue (contract assets)

 

$

13,036

 

 

$

7,522

 

 

$

5,514

 

Customer deposits (contract liabilities)

 

 

(29,609

)

 

 

(30,847

)

 

 

1,238

 

      Net contract liabilities

 

$

(16,573

)

 

$

(23,325

)

 

$

6,752