Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.22.2
Revenue Recognition (Tables)
3 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Net Sales 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

 

2022

 

 

2021

 

Heat transfer equipment

 

$

10,211

 

 

$

6,764

 

Vacuum equipment

 

 

6,091

 

 

 

4,219

 

Fluid systems

 

 

9,112

 

 

 

1,808

 

Power systems

 

 

3,293

 

 

 

1,663

 

All other

 

 

7,368

 

 

 

5,703

 

Net sales

 

$

36,075

 

 

$

20,157

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Region

 

 

 

 

 

 

Asia

 

$

4,248

 

 

$

3,509

 

Canada

 

 

997

 

 

 

1,208

 

Middle East

 

 

459

 

 

 

612

 

South America

 

 

1,461

 

 

 

242

 

U.S.

 

 

28,169

 

 

 

13,894

 

All other

 

 

741

 

 

 

692

 

Net sales

 

$

36,075

 

 

$

20,157

 

Schedule of Net Contract Assets (Liabilities)

Net contract assets (liabilities) consisted of the following:

 

 

 

June 30, 2022

 

 

March 31, 2022

 

 

Change

 

 

 

 

 

 

 

 

 

 

 

Unbilled revenue (contract assets)

 

$

28,091

 

 

$

25,570

 

 

$

2,521

 

Customer deposits (contract liabilities)

 

 

(25,064

)

 

 

(25,644

)

 

 

580

 

      Net contract assets (liabilities)

 

$

3,027

 

 

$

(74

)

 

$

3,101