Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.20.4
Revenue Recognition (Tables)
9 Months Ended
Dec. 31, 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

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

Product Line

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Heat transfer equipment

 

$

8,165

 

 

$

7,062

 

 

$

32,145

 

 

$

21,394

 

Vacuum equipment

 

 

14,969

 

 

 

12,969

 

 

 

26,901

 

 

 

27,232

 

All other

 

 

4,020

 

 

 

5,255

 

 

 

12,772

 

 

 

18,896

 

Net sales

 

$

27,154

 

 

$

25,286

 

 

$

71,818

 

 

$

67,522

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Region

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia

 

$

11,211

 

 

$

723

 

 

$

20,903

 

 

$

4,960

 

Canada

 

 

1,874

 

 

 

2,666

 

 

 

4,804

 

 

 

5,910

 

Middle East

 

 

806

 

 

 

7,498

 

 

 

2,243

 

 

 

8,783

 

South America

 

 

2,426

 

 

 

808

 

 

 

5,238

 

 

 

3,284

 

U.S.

 

 

10,716

 

 

 

13,409

 

 

 

37,406

 

 

 

43,589

 

All other

 

 

121

 

 

 

182

 

 

 

1,224

 

 

 

996

 

Net sales

 

$

27,154

 

 

$

25,286

 

 

$

71,818

 

 

$

67,522

 

Schedule of Net Contract Assets (Liabilities)

Net contract assets (liabilities) consisted of the following:

 

 

 

December 31, 2020

 

 

March 31, 2020

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled revenue (contract assets)

 

$

14,950

 

 

$

14,592

 

 

$

358

 

Customer deposits (contract liabilities)

 

 

(19,115

)

 

 

(26,983

)

 

 

7,868

 

      Net contract liabilities

 

$

(4,165

)

 

$

(12,391

)

 

$

8,226