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Revenue from Contract with Customers
3 Months Ended
Sep. 29, 2019
Revenue From Contract With Customer [Abstract]  
Revenue from Contracts with Customers

Revenue from Contracts with Customers

We generate revenue from the production of parts sold to automotive and light-truck Original Equipment Manufacturers (“OEMs”), or Tier 1 suppliers at the direction of the OEM, under long-term supply agreements supporting new vehicle production. Such agreements also require related production of service parts subsequent to the initial vehicle production periods. Additionally, we generate revenue from the production of parts sold in aftermarket service channels and to non-automotive commercial customers.

Contract Balances:

We have no material contract assets as of September 29, 2019. Contract liability balances primarily include discounts recognized as a reduction in sales at the point of revenue recognition, but which will be applied by the customer agreement after the end of the reporting period. The activity related to contract liability balances during the three month period ended September 29, 2019 was as follows (thousands of dollars):

 

Balance, June 30, 2019

 

$

932

 

Discounts Recorded as a Reduction in Sales

 

 

495

 

Payments of Discounts to Customers

 

 

(915

)

Other

 

 

(6

)

Balance, September 29, 2019

 

$

506

 

 

Revenue by Product Group and Customer:  

Revenue by product group for the periods presented was as follows (thousands of dollars):

 

 

Three Months Ended

 

 

 

 

September 29,

2019

 

 

September 30,

2018

 

 

Keys & Locksets

 

$

32,469

 

 

$

34,352

 

 

Door Handles & Exterior Trim

 

 

31,391

 

 

 

25,958

 

 

Power Access

 

 

19,458

 

 

 

22,399

 

 

Latches

 

 

13,897

 

 

 

11,055

 

 

Aftermarket & OE Service

 

 

10,913

 

 

 

10,984

 

 

Driver Controls

 

 

9,785

 

 

 

10,747

 

 

Other

 

 

2,049

 

 

 

1,664

 

 

 

 

$

119,962

 

 

$

117,159

 

 

Revenue by customer or customer group for the periods presented was as follows (thousands of dollars):

 

 

 

Three Months Ended

 

 

 

 

September 29,

2019

 

 

September 30,

2018

 

 

Fiat Chrysler Automobiles

 

$

25,482

 

 

$

30,297

 

 

General Motors Company

 

 

33,838

 

 

 

25,287

 

 

Ford Motor Company

 

 

15,812

 

 

 

15,523

 

 

Tier 1 Customers

 

 

17,747

 

 

 

17,816

 

 

Commercial and Other OEM Customers

 

 

21,346

 

 

 

20,928

 

 

Hyundai / Kia

 

 

5,737

 

 

 

7,308

 

 

 

 

$

119,962

 

 

$

117,159