XML 53 R23.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Net Sales
12 Months Ended
Dec. 31, 2019
Revenue From Contract With Customer [Abstract]  
Net Sales

16. Net Sales

Disaggregated Net Sales

As discussed in Note 1, we primarily derive our revenues from the sales of various chemical products.  The following table presents our net sales disaggregated by our principal markets, which disaggregation is consistent with other financial information utilized or provided outside of our consolidated financial statements:

 

 

 

 

 

 

 

2019

 

 

2018

 

 

2017(a)

 

 

 

(Dollars In Thousands)

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

Agricultural products

 

$

187,641

 

 

$

187,164

 

 

$

184,054

 

Industrial acids and other chemical products

 

 

139,643

 

 

 

148,598

 

 

 

196,029

 

Mining products

 

 

37,786

 

 

 

42,398

 

 

 

38,854

 

Other products

 

 

 

 

 

 

 

 

8,567

 

Total net sales

 

$

365,070

 

 

$

378,160

 

 

$

427,504

 

 

 

(a)

Upon adoption of ASC 606, nets sales have not been adjusted under the modified retrospective method.

Other Information

Liabilities associated with contracts with customers (contract liabilities) primarily relate to deferred revenue and customer deposits associated with cash payments received in advance from customers for volume shortfall charges and product shipments.  We had approximately $3.6 million and $7.0 million of contract liabilities as of December 31, 2019 and 2018, respectively.  During 2019, revenues of $3.5 million were recognized and included in the balance at the beginning of the period.