XML 43 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2020
Revenue Recognition [Abstract]  
Schedule of Revenue by Major Market

The Company’s revenue by major market is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Quarter Ended June 30, 2020

 

 

 

Material

Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

31,211

 

 

$

 

 

$

 

 

$

31,211

 

Vehicle

 

 

13,813

 

 

 

 

 

 

 

 

 

13,813

 

Food and beverage

 

 

9,072

 

 

 

 

 

 

 

 

 

9,072

 

Industrial

 

 

26,759

 

 

 

 

 

 

(2

)

 

 

26,757

 

Auto aftermarket

 

 

 

 

 

37,541

 

 

 

 

 

 

37,541

 

Total net sales

 

$

80,855

 

 

$

37,541

 

 

$

(2

)

 

$

118,394

 

 

 

 

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 Six Months Ended June 30, 2020

 

 

 

Material

Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

51,498

 

 

$

 

 

$

 

 

$

51,498

 

Vehicle

 

 

30,125

 

 

 

 

 

 

 

 

 

30,125

 

Food and beverage

 

 

26,491

 

 

 

 

 

 

 

 

 

26,491

 

Industrial

 

 

56,817

 

 

 

 

 

 

(23

)

 

 

56,794

 

Auto aftermarket

 

 

 

 

 

75,736

 

 

 

 

 

 

75,736

 

Total net sales

 

$

164,931

 

 

$

75,736

 

 

$

(23

)

 

$

240,644

 

 

 

 

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

 

 

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

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

 

 

 

June 30,

 

 

December 31,

 

 

Statement of Financial

Position

 

 

2020

 

 

2019

 

 

Classification

Returns, discounts and other allowances

 

$

(1,025

)

 

$

(589

)

 

Accounts receivable

Right of return asset

 

 

377

 

 

 

312

 

 

Inventories, net

Customer deposits

 

 

(19

)

 

 

(269

)

 

Other current liabilities

Accrued rebates

 

 

(3,174

)

 

 

(2,349

)

 

Other current liabilities