XML 43 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2018
Revenue from Contract with Customer [Abstract]  
Summary of revenues by primary geographical markets
A summary of the Company's revenues by primary geographical markets as well as by key product and service groups is as follows:
 
 
Three Months Ended
 
 
March 31, 2018
(In thousands)
 
Harsco Metals
& Minerals Segment
 
Harsco Industrial Segment
 
Harsco Rail Segment
 
Corporate
 
Consolidated Totals
Primary Geographical Markets (a):
 
 
 
 
 
 
 
 
 
 
Western Europe
 
$
96,921

 
$

 
$
14,720

 
$

 
$
111,641

North America
 
71,065

 
78,858

 
40,405

 
39

 
190,367

Latin America (b)
 
41,458

 
4,740

 
833

 

 
47,031

Asia-Pacific
 
36,221

 

 
3,720

 

 
39,941

Middle East and Africa
 
11,553

 

 

 

 
11,553

Eastern Europe
 
7,505

 

 

 

 
7,505

Total Revenues (c)
 
$
264,723

 
$
83,598

 
$
59,678

 
$
39

 
$
408,038

Key Product and Service Groups:
 
 
 
 
 
 
 
 
 
 
On-site services and material logistics, product quality improvement and resource recovery for iron, steel and metals manufacturing; as well as value- added environmental solutions for industrial co-products.
 
$
264,723

 
$

 
$

 
$

 
$
264,723

Railway track maintenance services and equipment
 

 

 
59,678

 

 
59,678

Industrial grating and fencing products
 

 
30,097

 

 

 
30,097

Air-cooled heat exchangers
 

 
44,267

 

 

 
44,267

Heat transfer products
 

 
9,234

 

 

 
9,234

General Corporate
 

 

 

 
39

 
39

Total Revenues (c)
 
$
264,723

 
$
83,598

 
$
59,678

 
$
39

 
$
408,038

 
 
Three Months Ended
 
 
March 31, 2017
(In thousands)
 
Harsco Metals
& Minerals Segment
 
Harsco Industrial Segment
 
Harsco Rail Segment
 
Corporate
 
Consolidated Totals
Primary Geographical Markets (a):
 
 
 
 
 
 
 
 
 
 
Western Europe
 
$
91,720

 
$

 
$
9,539

 
$

 
$
101,259

North America
 
67,233

 
58,351

 
45,150

 
34

 
170,768

Latin America (b)
 
38,020

 
6,582

 
476

 

 
45,078

Asia-Pacific
 
32,557

 
952

 
4,423

 

 
37,932

Middle East and Africa
 
10,556

 

 

 

 
10,556

Eastern Europe
 
6,948

 

 

 

 
6,948

Total Revenues (c)
 
$
247,034

 
$
65,885

 
$
59,588

 
$
34

 
$
372,541

Key Product and Service Groups:
 
 
 
 
 
 
 
 
 
 
On-site services and material logistics, product quality improvement and resource recovery for iron, steel and metals manufacturing; as well as value- added environmental solutions for industrial co-products.
 
$
247,034

 
$

 
$

 
$

 
$
247,034

Railway track maintenance services and equipment
 

 

 
59,588

 

 
59,588

Industrial grating and fencing products
 

 
28,159

 

 

 
28,159

Air-cooled heat exchangers
 

 
30,461

 

 

 
30,461

Heat transfer products
 

 
7,265

 

 

 
7,265

General Corporate
 

 

 

 
34

 
34

Total Revenues (c)
 
$
247,034

 
$
65,885

 
$
59,588

 
$
34

 
$
372,541

(a)
Revenues are attributed to individual countries based on the location of the facility generating the revenue.
(b)
Includes Mexico.
(c)
The Company has adopted the new revenue recognition standard utilizing the modified retrospective transition method, including use of practical expedients. Comparative information has not been restated and continues to be reported under U.S. GAAP in effect for those periods. See Note 2, Recently Adopted and Recently Issued Accounting Standards for additional information.
Summary of contract assets and advances on contracts
The following table reflects Contract assets and Advances on contracts:
(In thousands)
 
March 31, 2018
 
December 31, 2017
Contract assets:
 
 
 
 
Current portion of contract assets
 
$
23,871

 
$

Contract assets
 
3,566

 

Total contract assets
 
$
27,437

 
$

Advances on contracts:
 
 
 
 
Current portion of advances on contracts
 
$
38,147

 
$
117,958

Advances on contracts
 
21,837

 

Total advances on contracts
 
$
59,984

 
$
117,958