Revenue Recognition (Tables)

3 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Accounts Receivable, Allowance for Credit Loss

The following table illustrates the balance and related activity for the allowance for doubtful accounts that is deducted from accounts receivable to present the net amount expected to be collected in the three months ended June 30, 2023 and June 30, 2022 (in thousands):

Allowance for doubtful accounts	June 30, 2023		June 30, 2022
March 31, beginning balance	$	3,620	$	5,717
Bad debt expense	556		441
Less uncollectible accounts written off, net of recoveries	(674)		(566)
Allowance recorded from acquisitions	64		—
Other (1)	7		(151)
June 30, ending balance	$	3,573	$	5,441

(1) Other includes the impact of foreign currency translation

Disaggregation of Revenue

The following table illustrates the disaggregation of revenue by product grouping for the three months ended June 30, 2023 and June 30, 2022 (in thousands):

	Three Months Ended
Net Sales by Product Grouping	June 30, 2023		June 30, 2022
Industrial Products	$	84,159	$	81,847
Crane Solutions	94,642		79,331
Engineered Products	23,850		18,270
Precision Conveyor Products	32,808		40,799
All other	33		40
Total	$	235,492	$	220,287

Contract with Customer, Contract Asset, Contract Liability, and Receivable

The following table illustrates the balance and related activity for customer advances in the three months ended June 30, 2023 and June 30, 2022 (in thousands):

Customer advances (contract liabilities)	June 30, 2023		June 30, 2022
March 31, beginning balance	$	27,003	$	22,453
Additional customer advances received	24,251		20,814
Revenue recognized from customer advances included in beginning of period	(21,908)		(18,708)
Customer advances recorded from acquisitions	3,866		—
Other (1)	99		(539)
June 30, ending balance	$	33,311	$	24,020

    (1) Other includes the impact of foreign currency translation