
	For the Quarter Ended June 30, 2019
	Material Handling		Distribution		Inter-company			Consolidated
Consumer	$	22,515	$	—	$	—		$	22,515
Vehicle		21,962		—		—			21,962
Food and beverage		16,818		—		—			16,818
Industrial		34,607		—		(12	)		34,595
Auto aftermarket		—		38,395		—			38,395
Total net sales	$	95,902	$	38,395	$	(12	)	$	134,285

	For the Quarter Ended June 30, 2018
	Material Handling		Distribution		Inter-company			Consolidated
Consumer	$	27,046	$	—	$	—		$	27,046
Vehicle		26,758		—		—			26,758
Food and beverage		15,308		—		—			15,308
Industrial		34,018		—		(47	)		33,971
Auto aftermarket		—		37,477		—			37,477
Total net sales	$	103,130	$	37,477	$	(47	)	$	140,560

	For the Six Months Ended June 30, 2019
	Material Handling		Distribution		Inter-company			Consolidated
Consumer	$	40,300	$	—	$	—		$	40,300
Vehicle		44,482		—		—			44,482
Food and beverage		41,967		—		—			41,967
Industrial		72,104		—		(22	)		72,082
Auto aftermarket		—		74,569		—			74,569
Total net sales	$	198,853	$	74,569	$	(22	)	$	273,400

	For the Six Months Ended June 30, 2018
	Material Handling		Distribution		Inter-company			Consolidated
Consumer	$	44,277	$	—	$	—		$	44,277
Vehicle		52,301		—		—			52,301
Food and beverage		52,965		—		—			52,965
Industrial		70,396		—		(69	)		70,327
Auto aftermarket		—		73,258		—			73,258
Total net sales	$	219,939	$	73,258	$	(69	)	$	293,128

Revenue is recognized when obligations under the terms of a contract with customers are satisfied. In both the Distribution and Material Handling segments, this generally occurs with the transfer of control of the Company’s products. This transfer of control may occur at either the time of shipment from a Company facility, or at the time of delivery to a designated customer location. Obligations under contracts with customers are typically fulfilled within 90 days of receiving a purchase order from a customer, and generally no other future obligations are required to be performed. The Company does not enter into any long-term contracts with customers greater than one year. Based on the nature of the Company’s products and customer contracts, the Company has not recorded any deferred revenue, with the exception of cash advances or deposits received from customers prior to transfer of control of the product. These advances are typically fulfilled within the 90 day time frame mentioned above.

Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring the products. Certain contracts with customers include variable consideration, such as rebates or discounts. The Company recognizes estimates of this variable consideration each period, primarily based on the most likely level of consideration to be paid to the customer under the specific terms of the underlying programs. While the Company’s contracts with customers do not generally include explicit rights to return product, the Company will in practice allow returns in the normal course of business and as part of the customer relationship. Thus, the Company estimates the expected returns each period based on an analysis of historical experience. For certain businesses where physical recovery of the product from returns occurs, the Company records an estimated right to return asset from such recovery, based on the approximate cost of the product.

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

Sales, value added, and other taxes the Company collects concurrent with revenue from customers are excluded from net sales. The Company has elected to recognize the cost for shipments to customers when control over products has transferred to the customer. Costs for shipments to customers are classified as Selling, General and Administrative Expenses for the Company’s manufacturing business and as Cost of Sales for the Company’s distribution business in the accompanying Condensed Consolidated Statements of Operations (Unaudited). The Company incurred costs for shipments to customers in Selling, General and Administrative Expenses of approximately $2.0 million and $2.6 million for the quarters ended June 30, 2019 and 2018, respectively, and $4.1 million and $5.3 million for the six months ended June 30, 2019 and 2018, respectively, and in Cost of Sales of approximately $1.5 million and $1.4 million for the quarters ended June 30, 2019 and 2018, respectively, and $2.9 million and $2.8 million for the six months ended June 30, 2019 and 2018, respectively. All other internal distribution costs are recorded in Selling, General and Administrative Expenses.

Based on the short term nature of contracts described above, the Company does not incur significant contract acquisition costs. These costs, as well as other incidental items that are immaterial in the context of the contract, are recognized as expense as incurred.