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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2019
Revenue Recognition [Abstract]  
Schedule of Disaggregation of Revenue by Major Market

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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:

 

 

 

June 30,

 

 

December 31,

 

 

Statement of Financial

Position

 

 

2019

 

 

2018

 

 

Classification

Returns, discounts and other allowances

 

$

(606

)

 

$

(1,169

)

 

Accounts receivable

Right of return asset

 

 

322

 

 

 

535

 

 

Inventories, net

Customer deposits

 

 

(115

)

 

 

(806

)

 

Other current liabilities

Accrued rebates

 

 

(2,023

)

 

 

(2,559

)

 

Other current liabilities