Revenue from Contracts with Customers (Tables)

3 Months Ended

Apr. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents revenue from contracts with customers disaggregated by product line and timing of revenue recognition (in thousands):

	For the For the Three Months Ended April 30,
	2018
Revenue recognized at a point in time:	(in thousands)
Seamap	$	1,510
Klein	1,512
SAP	480
Total revenue recognized at a point in time	3,502
Revenue recognized over time:
Seamap	206
Klein	—
SAP	—
Total revenue recognized over time	206
Total revenue from contracts with customers	3,708

The following table presents revenue from contracts with customers disaggregated by geography, based on shipping location of our customers (in thousands):

	For the For the Three Months Ended April 30,
	2018
	(in thousands)
United States	$	129
Europe, Russia & CIS	2,019
Middle East & Africa	514
Asia-Pacific	699
Canada & Latin America	347
Total revenue from contracts with customers	3,708

Contract with Customer, Asset and Liability

As of April 30, 2018 contract assets and liabilities consisted of the following (in thousands):

	April 30, 2018
Contract Assets:	(in thousands)
Unbilled revenue - current	$	930
Unbilled revenue - non-current	—
Total unbilled revenue	$	930
Contract Liabilities:
Deferred revenue & customer deposits - current	302
Deferred revenue & customer deposits - non-current	10
Total deferred revenue & customer deposits	$	312

Considering the products manufactured and sold by the businesses in our Marine Technology Products segment and the Company’s standard contract terms and conditions, we expect our contract assets and liabilities to turn over, on average, within a three to six month period.

Pursuant to practical expedients and exemptions included in the New Revenue Standard, sales and transaction-based taxes are excluded from revenue. Also, we do not disclose the value of unsatisfied performance obligations for contacts with an original expected duration of one year or less. Additionally, we expense costs incurred to obtain contracts when incurred because the amortization period would have been one year or less. These costs are recorded in sales, general and administrative expenses.