Revenue Recognition

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Note 4. Revenue Recognition

The following table disaggregates our sources of revenues for the years indicated (ended December 31):

	2022		2021
Boom trucks, knuckle boom & truck cranes	$	145,713	$	128,768
Aerial platforms		38,236		27,179
Part and merchandise sales		32,365		25,769
Rental		18,441		-
Other equipment		33,649		23,560
Services		4,720		5,424
Rough terrain cranes		730		839
Net Revenue	$	273,854	$	211,539

The Company attributes revenue to different geographic areas based on where items are shipped to or services are performed. The following table provides details of revenues by geographic area for the years ended December 31, 2022 and 2021, respectively.

	2022		2021
United States	$	141,709	$	77,881
Italy		36,345		36,876
Canada		21,956		20,827
Chile		11,872		12,232
France		10,404		10,359
Other		51,568		53,364
	$	273,854	$	211,539

Customer Deposits

At times, the Company may require an upfront deposit related to its contracts. In instances where an upfront deposit has been received by the Company and the revenue recognition criteria have not yet been met, the Company records a contract liability in the form of a customer deposit, which is classified as a short-term liability on the Consolidated Balance Sheets. That customer deposit is revenue that is deferred until the revenue recognition criteria have been met, at which time, the customer deposit is recognized into revenue.

The following table summarizes changes in customer deposits for the years ended December 31, 2022 and 2021:

	2022			2021
Customer deposits at January 1,	$	7,121		$	2,363
Additional customer deposits received where revenue has not    yet been recognized		13,073			11,447
Revenue recognized from customer deposits		(16,372	)		(6,446	)
Effect of change in exchange rates		(415	)		(243	)
Customer deposits at December 31,	$	3,407		$	7,121