XML 35 R26.htm IDEA: XBRL DOCUMENT v3.22.2.2
Revenue Recognition (Tables)
6 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Accounts Receivable, Allowance for Credit Loss
The following table illustrates the balance and related activity for the allowance for doubtful accounts that is deducted from accounts receivable to present the net amount expected to be collected in the six months ended September 30, 2022 and September 30, 2021 (in thousands):

Allowance for doubtful accountsSeptember 30, 2022September 30, 2021
March 31, beginning balance$5,717 $5,686 
Bad debt expense493 291 
Less uncollectible accounts written off, net of recoveries(811)(1,003)
Allowance recorded from acquisitions— 152 
Other (1)(295)84 
September 30, ending balance$5,104 $5,210 
(1) Other includes the impact of foreign currency translation
Disaggregation of Revenue
The following table illustrates the disaggregation of revenue by product grouping for the three and six months ended September 30, 2022 and September 30, 2021 (in thousands):

Three Months EndedSix Months Ended
Net Sales by Product GroupingSeptember 30, 2022September 30, 2021September 30, 2022September 30, 2021
Industrial Products$81,096 $84,230 $162,942 $163,841 
Crane Solutions90,087 83,911 169,418 163,578 
Engineered Products21,504 21,933 39,774 41,925 
Precision Conveyor Products39,010 33,539 79,809 67,718 
All other43 22 84 37 
Total$231,740 $223,635 $452,027 $437,099 
Contract with Customer, Contract Asset, Contract Liability, and Receivable
The following table illustrates the balance and related activity for customer advances in the six months ended September 30, 2022 and September 30, 2021 (in thousands):

Customer advances (contract liabilities)September 30, 2022September 30, 2021
March 31, beginning balance$22,453 $15,373 
Additional customer advances received36,729 29,240 
Revenue recognized from customer advances included in beginning of period(22,453)(15,373)
Other revenue recognized from customer advances(13,125)(16,881)
Customer advances recorded from acquisitions— 4,144 
Other (1)(1,353)73 
September 30, ending balance$22,251 $16,576 
        
    (1) Other includes the impact of foreign currency translation