Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.20.2
Revenue Recognition (Tables)
3 Months Ended
Jun. 30, 2020
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

 

 

 

June 30,

 

Product Line

 

2020

 

 

2019

 

Heat transfer equipment

 

$

10,673

 

 

$

7,852

 

Vacuum equipment

 

 

2,551

 

 

 

5,530

 

All other

 

 

3,486

 

 

 

7,211

 

Net sales

 

$

16,710

 

 

$

20,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Region

 

 

 

 

 

 

 

 

Asia

 

$

5,163

 

 

$

3,219

 

Canada

 

 

992

 

 

 

1,348

 

Middle East

 

 

449

 

 

 

773

 

South America

 

 

220

 

 

 

359

 

U.S.

 

 

9,438

 

 

 

14,448

 

All other

 

 

448

 

 

 

446

 

Net sales

 

$

16,710

 

 

$

20,593

 

Schedule of Net Contract Assets (Liabilities)

Net contract assets (liabilities) consisted of the following:

 

 

 

June 30, 2020

 

 

March 31, 2020

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled revenue (contract assets)

 

$

15,683

 

 

$

14,592

 

 

$

1,091

 

Customer deposits (contract liabilities)

 

 

(31,082

)

 

 

(26,983

)

 

 

(4,099

)

      Net contract liabilities

 

$

(15,399

)

 

$

(12,391

)

 

$

(3,008

)