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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2018
Revenue Recognition [Abstract]  
Schedule of Disaggregation of Revenue by Major Market

The following tables disaggregate the Company’s revenue by major market:

 

 

 

For the Three Months Ended September 30, 2018

 

 

 

 

Material

Handling

 

 

 

 

Distribution

 

 

 

 

Inter-company

 

 

 

 

Consolidated

 

Consumer

 

 

$

20,048

 

 

 

 

$

 

 

 

 

$

 

 

 

 

$

20,048

 

Vehicle

 

 

 

23,037

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23,037

 

Food and beverage

 

 

 

19,159

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

19,159

 

Industrial

 

 

 

35,438

 

 

 

 

 

 

 

 

 

 

(20

)

 

 

 

 

35,418

 

Auto aftermarket

 

 

 

 

 

 

 

 

37,557

 

 

 

 

 

 

 

 

 

 

37,557

 

Total net sales

 

 

$

97,682

 

 

 

 

$

37,557

 

 

 

 

$

(20

)

 

 

 

$

135,219

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30, 2018

 

 

 

 

Material

Handling

 

 

 

 

Distribution

 

 

 

 

Inter-company

 

 

 

 

Consolidated

 

Consumer

 

 

$

64,325

 

 

 

 

$

 

 

 

 

$

 

 

 

 

$

64,325

 

Vehicle

 

 

 

75,338

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

75,338

 

Food and beverage

 

 

 

72,124

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

72,124

 

Industrial

 

 

 

105,834

 

 

 

 

 

 

 

 

 

 

(89

)

 

 

 

 

105,745

 

Auto aftermarket

 

 

 

 

 

 

 

 

110,815

 

 

 

 

 

 

 

 

 

 

110,815

 

Total net sales

 

 

$

317,621

 

 

 

 

$

110,815

 

 

 

 

$

(89

)

 

 

 

$

428,347

 

 

Schedule of Balances included in Condensed Consolidated Statement of Financial Position (Unaudited) Related to Revenue Recognition

Amounts included in the Condensed Consolidated Statement of Financial Position (Unaudited) related to revenue recognition include:

 

 

 

September 30,

 

 

December 31,

 

 

Statement of Financial Position

 

 

2018

 

 

2017

 

 

Classification

Returns, discounts and other allowances

 

$

(1,272

)

 

$

(853

)

 

Accounts receivable

Right of return asset

 

 

529

 

 

 

433

 

 

Inventories, net

Customer deposits

 

 

(1,099

)

 

 

(140

)

 

Other current liabilities

Accrued rebates

 

 

(2,177

)

 

 

(2,962

)

 

Other current liabilities