Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.19.3.a.u2
Revenue Recognition (Tables)
9 Months Ended
Dec. 31, 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

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

Product Line

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Heat transfer equipment

 

$

7,062

 

 

$

5,164

 

 

$

21,394

 

 

$

15,495

 

Vacuum equipment

 

 

12,969

 

 

 

3,765

 

 

 

27,232

 

 

 

28,823

 

All other

 

 

5,255

 

 

 

8,269

 

 

 

18,896

 

 

 

23,872

 

Net sales

 

$

25,286

 

 

$

17,198

 

 

$

67,522

 

 

$

68,190

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia

 

$

723

 

 

$

966

 

 

$

4,960

 

 

$

5,591

 

Canada

 

 

2,666

 

 

 

549

 

 

 

5,910

 

 

 

15,672

 

Middle East

 

 

7,498

 

 

 

806

 

 

 

8,783

 

 

 

1,705

 

South America

 

 

808

 

 

 

47

 

 

 

3,284

 

 

 

239

 

U.S.

 

 

13,409

 

 

 

14,320

 

 

 

43,589

 

 

 

42,846

 

All other

 

 

182

 

 

 

510

 

 

 

996

 

 

 

2,137

 

Net sales

 

$

25,286

 

 

$

17,198

 

 

$

67,522

 

 

$

68,190

 

Schedule of Net Contract Assets (Liabilities)

Net contract assets (liabilities) consisted of the following:

 

 

 

December 31, 2019

 

 

March 31, 2019

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled revenue (contract assets)

 

$

14,321

 

 

$

7,522

 

 

$

6,799

 

Customer deposits (contract liabilities)

 

 

(28,816

)

 

 

(30,847

)

 

 

2,031

 

      Net contract liabilities

 

$

(14,495

)

 

$

(23,325

)

 

$

8,830