REVENUE RECOGNITION

3 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

REVENUE RECOGNITION

Refer to Note 19 to our consolidated financial statements included in our Annual Report for a description of our disaggregation of revenues. Disaggregation of revenues reconciled to our reportable segments is as follows (in thousands):

	Three Months Ended June 30, 2020
	Industrial Products		Specialty Chemicals		Total
Build-to-order	$	20,543	$	—	$	20,543
Book-and-ship	40,696		29,725		70,421
Net revenues	$	61,239	$	29,725	$	90,964

	Three Months Ended June 30, 2019
	Industrial Products		Specialty Chemicals		Total
Build-to-order	$	19,201	$	—	$	19,201
Book-and-ship	44,151		38,981		83,132
Net revenues	$	63,352	$	38,981	$	102,333

Contract liabilities, which are included in accrued and other current liabilities in our condensed consolidated balance sheets were as follows (in thousands):

Balance at April 1, 2020:	$	2,892
Revenue recognized during the period	(927)
New contracts and revenue added to existing contracts during the period	1,149
Balance at June 30, 2020	$	3,114