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Revenue Recognition Revenue Recognition
3 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE RECOGNITION

Disaggregation of Revenues
The following tables present the Company's net sales by reportable segment and by geographic areas based on the location of the facility shipping the product for the three months ended September 30, 2019 and 2018. Other countries consist of Mexico, Australia, New Zealand, and Singapore.
 
Three Months Ended September 30,
 
2019
 
2018
 
Service Center Based Distribution
Fluid Power & Flow Control
Total
 
Service Center Based Distribution
Fluid Power & Flow Control
Total
Geographic Areas:
 
 
 
 
 
 
 
United States
$
492,873

$
250,113

$
742,986

 
$
490,774

$
256,649

$
747,423

Canada
65,946


65,946

 
69,107


69,107

Other countries
44,341

3,131

47,472

 
44,168

3,817

47,985

Total
$
603,160

$
253,244

$
856,404

 
$
604,049

$
260,466

$
864,515


The following tables present the Company’s percentage of revenue by reportable segment and major customer industry for the three months ended September 30, 2019 and 2018:
 
Three Months Ended September 30, 2019
 
Service Center Based Distribution
 
Fluid Power & Flow Control
 
Total
General Industry
34.8
%
 
43.7
%
 
37.5
%
Industrial Machinery
10.2
%
 
22.1
%
 
13.7
%
Metals
12.4
%
 
8.2
%
 
11.1
%
Food
11.1
%
 
2.7
%
 
8.6
%
Oil & Gas
9.3
%
 
1.9
%
 
7.1
%
Chem/Petrochem
2.8
%
 
12.7
%
 
5.7
%
Forest Products
7.7
%
 
3.1
%
 
6.4
%
Cement & Aggregate
6.8
%
 
1.0
%
 
5.1
%
Transportation
4.9
%
 
4.6
%
 
4.8
%
Total
100.0
%
 
100.0
%
 
100.0
%

 
Three Months Ended September 30, 2018
 
Service Center Based Distribution
 
Fluid Power & Flow Control
 
Total
General Industry
35.8
%
 
44.0
%
 
38.3
%
Industrial Machinery
9.2
%
 
21.4
%
 
12.9
%
Metals
11.1
%
 
7.8
%
 
10.1
%
Food
10.8
%
 
2.5
%
 
8.3
%
Oil & Gas
9.6
%
 
2.1
%
 
7.3
%
Chem/Petrochem
3.5
%
 
15.6
%
 
7.1
%
Forest Products
8.7
%
 
2.6
%
 
6.9
%
Cement & Aggregate
6.8
%
 
1.0
%
 
5.0
%
Transportation
4.5
%
 
3.0
%
 
4.1
%
Total
100.0
%
 
100.0
%
 
100.0
%

The following tables present the Company’s percentage of revenue by reportable segment and product line for the three months ended September 30, 2019 and 2018:
 
Three Months Ended September 30, 2019
 
Service Center Based Distribution
 
Fluid Power & Flow Control
 
Total
Power Transmission
34.5
%
 
9.3
%
 
27.1
%
Fluid Power
13.3
%
 
39.7
%
 
21.1
%
General Maintenance; Hose Products
26.3
%
 
8.0
%
 
20.9
%
Bearings, Linear & Seals
25.9
%
 
0.3
%
 
18.3
%
Specialty Flow Control
%
 
42.7
%
 
12.6
%
Total
100.0
%
 
100.0
%
 
100.0
%
 
Three Months Ended September 30, 2018
 
Service Center Based Distribution
 
Fluid Power & Flow Control
 
Total
Power Transmission
32.8
%
 
1.5
%
 
23.3
%
Fluid Power
14.0
%
 
37.6
%
 
21.1
%
General Maintenance; Hose Products
27.6
%
 
4.7
%
 
20.8
%
Bearings, Linear & Seals
25.6
%
 
%
 
17.9
%
Specialty Flow Control
%
 
56.2
%
 
16.9
%
Total
100.0
%
 
100.0
%
 
100.0
%
Contract Assets
The Company’s contract assets consist of un-billed amounts resulting from contracts for which revenue is recognized over time using the cost-to-cost method, and for which revenue recognized exceeds the amount billed to the customer.
Activity related to contract assets, which are included in other current assets on the condensed consolidated balance sheet, is as follows:
 
September 30, 2019
June 30, 2019
$ Change
% Change
Contract assets
$
7,338

$
8,920

$
(1,582
)
(17.7
)%
The difference between the opening and closing balances of the Company's contract assets primarily results from the timing difference between the Company's performance and when the customer is billed.