XML 19 R10.htm IDEA: XBRL DOCUMENT v3.22.1
Revenue from Contracts with Customers
 9 Months Ended
Mar. 31, 2022
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 March 31, 2022 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 March 31, 2022 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 March 31, 2022 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 March 31, 2022 and 2021 (in thousands):
Three Months EndedNine Months Ended
03/31/202203/31/202103/31/202203/31/2021
North America
United States$34,181 $30,307 $97,049 $79,989 
Canada & Mexico2,107 2,212 5,714 5,620 
36,288 32,519 102,763 85,609 
International
Brazil15,980 14,901 54,063 47,302 
United Kingdom4,750 4,269 14,254 14,818 
China1,899 1,655 5,761 5,240 
Australia & New Zealand1,562 1,600 6,469 5,439 
24,191 22,425 80,548 72,799 
Total Sales$60,479 $54,944 $183,311 $158,408