Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.21.2
Revenue Recognition (Tables)
3 Months Ended
Jun. 30, 2021
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

 

2021

 

 

2020

 

Heat transfer equipment

 

$

6,764

 

 

$

10,673

 

Vacuum equipment

 

 

4,219

 

 

 

2,551

 

Fluid systems

 

 

1,808

 

 

 

 

Power systems

 

 

1,663

 

 

 

 

All other

 

 

5,703

 

 

 

3,486

 

Net sales

 

$

20,157

 

 

$

16,710

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Region

 

 

 

 

 

 

 

 

Asia

 

$

3,509

 

 

$

5,163

 

Canada

 

 

1,208

 

 

 

992

 

Middle East

 

 

612

 

 

 

449

 

South America

 

 

242

 

 

 

220

 

U.S.

 

 

13,894

 

 

 

9,438

 

All other

 

 

692

 

 

 

448

 

Net sales

 

$

20,157

 

 

$

16,710

 

Schedule of Net Contract Assets (Liabilities)

Net contract assets (liabilities) consisted of the following:

 

 

 

June 30, 2021

 

 

March 31, 2021

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unbilled revenue (contract assets)

 

$

28,533

 

 

$

19,994

 

 

$

8,539

 

Customer deposits (contract liabilities)

 

 

(17,034

)

 

 

(14,059

)

 

 

(2,975

)

      Net contract liabilities

 

$

11,499

 

 

$

5,935

 

 

$

5,564