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Unearned Revenue
3 Months Ended
Mar. 31, 2018
Revenue Recognition And Deferred Revenue [Abstract]  
Unearned Revenue

Note 10 – Unearned Revenue

Unearned revenue by segment was as follows:

 

 

March 31, 2018

 

 

December 31, 2017

 

Automotive

$

3,426

 

 

$

 

Industrial

 

3,374

 

 

 

4,889

 

Total

$

6,800

 

 

$

4,889

 

The opening balance of unearned revenue was $4,889 as of January 1, 2018.

Changes in unearned revenue were as follows:

 

Three Month Ended March 31, 2018

  

 

 

Balance, beginning of period

$

4,889

  

Additions to unearned revenue

 

6,909

  

Reclassified to revenue

 

(4,999

)

Currency Impacts

 

1

 

Balance, end of period

$

6,800

 

Revenue allocated to remaining performance obligations represent contracted revenue that has not yet been recognized, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods.