Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.20.2
Revenue Recognition (Tables)
6 Months Ended
Sep. 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

 

 

Six Months Ended

 

 

 

September 30,

 

 

September 30,

 

Product Line

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Heat transfer equipment

 

$

13,307

 

 

$

6,479

 

 

$

23,980

 

 

$

14,331

 

Vacuum equipment

 

 

9,381

 

 

 

8,733

 

 

 

11,932

 

 

 

14,263

 

All other

 

 

5,266

 

 

 

6,431

 

 

 

8,752

 

 

 

13,642

 

Net sales

 

$

27,954

 

 

$

21,643

 

 

$

44,664

 

 

$

42,236

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia

 

$

4,529

 

 

$

1,018

 

 

$

9,692

 

 

$

4,237

 

Canada

 

 

1,938

 

 

 

1,896

 

 

 

2,930

 

 

 

3,244

 

Middle East

 

 

988

 

 

 

512

 

 

 

1,437

 

 

 

1,285

 

South America

 

 

2,592

 

 

 

2,117

 

 

 

2,812

 

 

 

2,476

 

U.S.

 

 

17,252

 

 

 

15,731

 

 

 

26,690

 

 

 

30,179

 

All other

 

 

655

 

 

 

369

 

 

 

1,103

 

 

 

815

 

Net sales

 

$

27,954

 

 

$

21,643

 

 

$

44,664

 

 

$

42,236

 

Schedule of Net Contract Assets (Liabilities)

Net contract assets (liabilities) consisted of the following:

 

 

 

September 30, 2020

 

 

March 31, 2020

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled revenue (contract assets)

 

$

13,691

 

 

$

14,592

 

 

$

(901

)

Customer deposits (contract liabilities)

 

 

(24,838

)

 

 

(26,983

)

 

 

2,145

 

      Net contract liabilities

 

$

(11,147

)

 

$

(12,391

)

 

$

1,244