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REVENUE
9 Months Ended
Sep. 29, 2018
REVENUE  
REVENUE

2.        REVENUE

 

Disaggregation of Revenue

 

The Company’s revenue is primarily from distinct fixed-price product sales in the juvenile product market, to similar customers and channels utilizing similar types of contracts that are short term in nature (less than one year). The Company does not sell service agreements or goods over a period of time and does not sell or utilize customer financing arrangements or time-and-material contracts.

 

The following is a table that presents net sales by geographical area:

                                                                                                                                                                                                  

 

 

 

 

 

 

 

 

 

For the

 

For the

 

 

three months ended

 

nine months ended

 

        

September 29, 2018

        

September 29, 2018

United States

 

$

36,707

 

$

111,210

All Other

 

 

7,131

 

 

22,361

Net Sales

 

$

43,838

 

$

133,571

 

All Other consists of Canada, Europe, South America, Mexico, Asia, and the Middle East.

 

Contract Balances

 

The Company does not have any contract assets such as work-in-process or contract liabilities such as customer advances. All trade receivables on the Company’s condensed consolidated balance sheet are from contracts with customers.

 

Contract Costs

 

Costs incurred to obtain a contract are capitalized unless short term in nature. As a practical expedient, costs to obtain a contract that are short term in nature are expensed as incurred. All contract costs incurred in 2018 fall under the provisions of the practical expedient and have therefore been expensed.