XML 67 R19.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
REVENUE
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
REVENUE
REVENUE
Revenue Recognition—Under ASC 606, we recognize revenue when control of the promised goods or services is transferred to customers in an amount that reflects the consideration we expect to be entitled in exchange for those goods or services.
Contract Balances—As of December 31, 2019, and 2018, we had $16.6 million and $11.7 million of contract liabilities, respectively, which are included in "Other current liabilities" on the consolidated balance sheets. Our contract liability relates to payments received from customers for water purchases for which we have not yet delivered the water. Our contract liability activity for the years ended December 31, 2019, 2018, and 2017 is shown below (in thousands):

 
 
Year Ended December 31,
 
 
2019
 
2018
Beginning balance
 
$
11,678

 
$

Additions
 
11,058

 
17,558

Recognized as revenue during period
 
(6,124
)
 
(5,880
)
Ending balance
 
$
16,612

 
$
11,678



Disaggregation of Revenue—The table below shows the disaggregation of revenue by product and reconciles disaggregated revenue to segment revenue for the years ended December 31, 2019, 2018, and 2017. We believe the disaggregation of revenue by products best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic conditions (in thousands):

 
 
Year Ended December 31, 2019
Product
 
Potash Segment
 
Trio® Segment
 
Oilfield Solutions Segment
 
Intersegment Eliminations
 
Total
Potash
 
$
103,403

 
$

 
$
2,973

 
$
(1,909
)
 
$
104,467

Trio®
 

 
64,299

 

 

 
64,299

Water
 
1,823

 
4,495

 
19,339

 

 
25,657

Salt
 
12,022

 
757

 

 

 
12,779

Magnesium Chloride
 
4,907

 

 

 

 
4,907

Brines
 
2,493

 

 

 

 
2,493

Other
 

 

 
5,582

 
(109
)
 
5,473

Total Revenue
 
$
124,648

 
$
69,551

 
$
27,894

 
$
(2,018
)
 
$
220,075


 
 
Year Ended December 31, 2018
Product
 
Potash Segment
 
Trio® Segment
 
Oilfield Solutions Segment
 
Intersegment Eliminations
 
Total
Potash
 
$
107,471

 
$

 
$

 
$

 
$
107,471

Trio®
 

 
64,139

 

 

 
64,139

Water
 
1,368

 
2,430

 
15,999

 

 
19,797

Salt
 
6,638

 
239

 

 

 
6,877

Magnesium Chloride
 
6,804

 

 

 

 
6,804

Brines
 
1,777

 

 

 

 
1,777

Other
 

 

 
1,405

 

 
1,405

Total Revenue
 
$
124,058

 
$
66,808

 
$
17,404

 
$

 
$
208,270



 
 
Year Ended December 31, 2017
Product
 
Potash Segment
 
Trio® Segment
 
Oilfield Solutions Segment
 
Intersegment Eliminations
 
Total
Potash
 
$
95,540

 
$

 
$

 
$

 
$
95,540

Trio®
 

 
63,338

 

 

 
63,338

Water
 
441

 
289

 
6,312

 

 
7,042

Salt
 
6,275

 
59

 

 

 
6,334

Magnesium Chloride
 
5,432

 

 

 

 
5,432

Brines
 
229

 

 

 

 
229

Total Revenue
 
$
107,917

 
$
63,686

 
$
6,312

 
$

 
$
177,915