XML 19 R10.htm IDEA: XBRL DOCUMENT v3.22.0.1
Revenue from Contracts with Customers
6 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customer Revenue from Contracts with Customers
Under ASC Topic 606, the Company is required to present a refund liability and a return asset within the Unaudited Consolidated Balance Sheet. As of December 31, 2021 and June 30, 2021, the balance of the return asset was $0.1 million and $0.2 million, respectively, and the balance of the refund liability as of December 31, 2021 and June 30, 2021 was $0.2 million. They are presented within prepaid expenses and other current assets and accrued expenses, respectively, on the Consolidated Balance Sheets.
The Company, in general, warrants its products against certain defects in material and workmanship when used as designed, for a period of up to one year. The Company does not sell extended warranties.
Contract Balances
Contract assets primarily relate to the Company’s rights to consideration for work completed but not billed at the reporting date on contracts with customers. Contract assets are transferred to receivables when the rights become unconditional. Contract liabilities primarily relate to contracts where advance payments or deposits have been received, but performance obligations have not yet been met, and therefore, revenue has not been recognized. The Company had no contract asset balances, but had contract liability balances of $0.9 million and $0.6 million at December 31, 2021 and June 30, 2021, respectively, located in Accounts Payable in the Consolidated Balance Sheets.
Disaggregation of Revenue
The Company operates in two reportable segments: North America and International. ASC Topic 606 requires further disaggregation of an entity’s revenue. In the following table, the Company's net sales by shipping origin are disaggregated accordingly for the three months ended December 31, 2021 and 2020 (in thousands):
Three Months EndedSix Months Ended
12/31/202112/31/202012/31/202112/31/2020
North America
United States$30,912 $25,345 $62,932 $49,682 
Canada & Mexico1,754 1,761 3,543 3,408 
32,666 27,106 66,475 53,090 
International
Brazil18,687 17,493 37,890 32,401 
United Kingdom4,729 5,554 9,697 10,548 
China2,244 2,005 3,862 3,586 
Australia & New Zealand2,992 1,896 4,908 3,839 
28,652 26,948 56,357 50,374 
Total Sales$61,318 $54,054 $122,832 $103,464