| Revenue Disaggregated by Product Line and Geographic Area |
The following table presents the Company’s revenue disaggregated by product line and geographic area:
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Three Months Ended |
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Nine Months Ended |
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|
December 31, |
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|
December 31, |
|
|
Product Line |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
|
Heat transfer equipment |
|
$ |
6,284 |
|
|
$ |
8,165 |
|
|
$ |
21,754 |
|
|
$ |
32,145 |
|
|
Vacuum equipment |
|
|
5,412 |
|
|
|
14,969 |
|
|
|
13,946 |
|
|
|
26,901 |
|
|
Fluid systems |
|
|
6,939 |
|
|
|
— |
|
|
|
15,342 |
|
|
|
— |
|
|
Power systems |
|
|
5,030 |
|
|
|
— |
|
|
|
16,583 |
|
|
|
— |
|
|
All other |
|
|
5,109 |
|
|
|
4,020 |
|
|
|
15,452 |
|
|
|
12,772 |
|
|
Net sales |
|
$ |
28,774 |
|
|
$ |
27,154 |
|
|
$ |
83,077 |
|
|
$ |
71,818 |
|
|
|
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Geographic Region |
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Asia |
|
$ |
1,493 |
|
|
$ |
11,211 |
|
|
$ |
10,485 |
|
|
$ |
20,903 |
|
|
Canada |
|
|
924 |
|
|
|
1,874 |
|
|
|
3,011 |
|
|
|
4,804 |
|
|
Middle East |
|
|
627 |
|
|
|
806 |
|
|
|
2,202 |
|
|
|
2,243 |
|
|
South America |
|
|
242 |
|
|
|
2,426 |
|
|
|
720 |
|
|
|
5,238 |
|
|
U.S. |
|
|
24,737 |
|
|
|
10,716 |
|
|
|
64,832 |
|
|
|
37,406 |
|
|
All other |
|
|
751 |
|
|
|
121 |
|
|
|
1,827 |
|
|
|
1,224 |
|
|
Net sales |
|
$ |
28,774 |
|
|
$ |
27,154 |
|
|
$ |
83,077 |
|
|
$ |
71,818 |
|
|
|
| Schedule of Net Contract Assets (Liabilities) |
Net contract assets (liabilities) consisted of the following:
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|
|
|
December 31, 2021 |
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|
March 31, 2021 |
|
|
Change |
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|
|
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|
|
|
|
|
|
Unbilled revenue (contract assets) |
|
$ |
24,930 |
|
|
$ |
19,994 |
|
|
$ |
4,936 |
|
Customer deposits (contract liabilities) |
|
|
(27,665 |
) |
|
|
(14,059 |
) |
|
|
(13,606 |
) |
Net contract liabilities |
|
$ |
(2,735 |
) |
|
$ |
5,935 |
|
|
$ |
(8,670 |
) |
|