XML 34 R25.htm IDEA: XBRL DOCUMENT v3.22.2
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2022
Revenue Recognition [Abstract]  
Schedule of Revenue by Major Market

The Company’s revenue by major market is as follows:

 

 

 

For the Quarter Ended June 30, 2022

 

 

 

Material
Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

34,589

 

 

$

 

 

$

 

 

$

34,589

 

Vehicle

 

 

48,101

 

 

 

 

 

 

 

 

 

48,101

 

Food and beverage

 

 

23,154

 

 

 

 

 

 

 

 

 

23,154

 

Industrial

 

 

67,246

 

 

 

 

 

 

(9

)

 

 

67,237

 

Auto aftermarket

 

 

 

 

 

60,075

 

 

 

 

 

 

60,075

 

Total net sales

 

$

173,090

 

 

$

60,075

 

 

$

(9

)

 

$

233,156

 

 

 

 

For the Quarter Ended June 30, 2021

 

 

 

Material
Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

37,312

 

 

$

 

 

$

 

 

$

37,312

 

Vehicle

 

 

41,437

 

 

 

 

 

 

 

 

 

41,437

 

Food and beverage

 

 

16,399

 

 

 

 

 

 

 

 

 

16,399

 

Industrial

 

 

42,079

 

 

 

 

 

 

(14

)

 

 

42,065

 

Auto aftermarket

 

 

 

 

 

50,156

 

 

 

 

 

 

50,156

 

Total net sales

 

$

137,227

 

 

$

50,156

 

 

$

(14

)

 

$

187,369

 

 

 

 

For the Six Months Ended June 30, 2022

 

 

 

Material
Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

66,513

 

 

$

 

 

$

 

 

$

66,513

 

Vehicle

 

 

95,878

 

 

 

 

 

 

 

 

 

95,878

 

Food and beverage

 

 

57,834

 

 

 

 

 

 

 

 

 

57,834

 

Industrial

 

 

129,501

 

 

 

 

 

 

(20

)

 

 

129,481

 

Auto aftermarket

 

 

 

 

 

108,936

 

 

 

 

 

 

108,936

 

Total net sales

 

$

349,726

 

 

$

108,936

 

 

$

(20

)

 

$

458,642

 

 

 

 

For the Six Months Ended June 30, 2021

 

 

 

Material
Handling

 

 

Distribution

 

 

Inter-company

 

 

Consolidated

 

Consumer

 

$

62,707

 

 

$

 

 

$

 

 

$

62,707

 

Vehicle

 

 

83,629

 

 

 

 

 

 

 

 

 

83,629

 

Food and beverage

 

 

37,816

 

 

 

 

 

 

 

 

 

37,816

 

Industrial

 

 

82,968

 

 

 

 

 

 

(28

)

 

 

82,940

 

Auto aftermarket

 

 

 

 

 

94,706

 

 

 

 

 

 

94,706

 

Total net sales

 

$

267,120

 

 

$

94,706

 

 

$

(28

)

 

$

361,798

 

Schedule of Balances included in Condensed Consolidated Statements of Financial Position (Unaudited) Related to Revenue Recognition

Amounts included in the Condensed Consolidated Statements of Financial Position (Unaudited) related to revenue recognition include:

 

 

 

June 30,

 

 

December 31,

 

 

Statement of Financial
Position

 

 

2022

 

 

2021

 

 

Classification

Returns, discounts and other allowances

 

$

(879

)

 

$

(1,056

)

 

Accounts receivable

Right of return asset

 

$

346

 

 

$

361

 

 

Inventories, net

Customer deposits

 

$

(1,295

)

 

$

(1,816

)

 

Other current liabilities

Accrued rebates

 

$

(3,609

)

 

$

(3,378

)

 

Other current liabilities