Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.19.2
Revenue Recognition (Tables)
3 Months Ended
Jun. 30, 2019
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

 

2019

 

 

2018

 

Heat transfer equipment

 

$

7,852

 

 

$

4,158

 

Vacuum equipment

 

 

5,530

 

 

 

17,216

 

All other

 

 

7,211

 

 

 

8,177

 

Net sales

 

$

20,593

 

 

$

29,551

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic Region

 

 

 

 

 

 

 

 

Asia

 

$

3,219

 

 

$

2,749

 

Canada

 

 

1,348

 

 

 

11,650

 

Middle East

 

 

773

 

 

 

435

 

South America

 

 

359

 

 

 

124

 

U.S.

 

 

14,448

 

 

 

13,453

 

All other

 

 

446

 

 

 

1,140

 

Net sales

 

$

20,593

 

 

$

29,551

 

Schedule of Net Contract Assets (Liabilities)

Net contract assets (liabilities) consisted of the following:

 

 

 

June 30, 2019

 

 

March 31, 2019

 

 

Change

 

 

 

 

 

 

 

 

 

Unbilled revenue (contract assets)

 

$

9,845

 

 

$

7,522

 

 

$

2,323

 

Customer deposits (contract liabilities)

 

 

(30,556

)

 

 

(30,847

)

 

 

291

 

      Net contract liabilities

 

$

(20,711

)

 

$

(23,325

)

 

$

2,614