Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION

v3.22.2
REVENUE RECOGNITION
6 Months Ended
Jun. 30, 2022
REVENUE RECOGNITION  
REVENUE RECOGNITION

3.    REVENUE RECOGNITION

The following tables disaggregate net sales by channel and geography:

Three months ended June 30, 

Six months ended June 30, 

    

2022

    

2021

    

2022

    

2021

U.S. state and local agencies (a)

$

66,442

$

64,449

$

124,365

$

123,826

Commercial

 

11,327

 

7,591

 

22,361

 

19,433

U.S. federal agencies

 

9,448

 

10,486

 

17,362

 

26,079

International

 

29,506

 

30,040

 

56,525

 

52,034

Other

 

1,509

 

1,995

 

2,025

 

3,725

Net sales

$

118,232

$

114,561

$

222,638

$

225,097

(a) Includes all Distribution sales

Three months ended June 30, 

Six months ended June 30, 

    

2022

    

2021

    

2022

    

2021

    

United States

$

88,726

$

84,521

$

166,113

$

173,063

International

 

29,506

 

30,040

 

56,525

 

52,034

$

118,232

$

114,561

$

222,638

$

225,097

Contract Liabilities

Contract liabilities are recorded as a component of other liabilities when customers remit cash payments in advance of the Company satisfying performance obligations which are satisfied at a future point of time. Contract liabilities are reduced when the performance obligation is satisfied. Contract liabilities are included in accrued liabilities in the Company’s consolidated balance sheets and totaled $6,272 and $10,949 as of June 30, 2022 and December 31, 2021, respectively. Revenue recognized during the three and six months ended June 30, 2022 from amounts included in contract liabilities as of December 31, 2021 was $2,225 and $7,216, respectively.

Remaining Performance Obligations

As of June 30, 2022, we had $18,395 of remaining performance obligations, which included amounts that will be invoiced and recognized in future periods. The remaining performance obligations are limited only to arrangements that meet the definition of a contract under ASC Topic 606, Revenue from Contracts with Customers, as of June 30, 2022. We expect to recognize approximately 63% of this balance over the next twelve months and expect the remainder to be recognized in the following two years.