Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION

v3.22.2.2
REVENUE RECOGNITION
9 Months Ended
Sep. 30, 2022
REVENUE RECOGNITION  
REVENUE RECOGNITION

3.    REVENUE RECOGNITION

The following tables disaggregate net sales by channel and geography:

Three months ended September 30, 

Nine months ended September 30, 

    

2022

    

2021

    

2022

    

2021

U.S. state and local agencies (a)

$

64,359

$

55,559

$

188,724

$

177,221

Commercial

 

11,211

 

7,669

 

33,572

 

29,263

U.S. federal agencies

 

16,652

 

11,286

 

34,014

 

37,368

International

 

18,264

 

22,613

 

74,789

 

74,647

Other

 

1,068

 

1,527

 

3,093

 

5,252

Net sales

$

111,554

$

98,654

$

334,192

$

323,751

(a) Includes all Distribution sales

Three months ended September 30, 

Nine months ended September 30, 

    

2022

    

2021

    

2022

    

2021

    

United States

$

93,290

$

76,041

$

259,403

$

249,104

International

 

18,264

 

22,613

 

74,789

 

74,647

$

111,554

$

98,654

$

334,192

$

323,751

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 $6,216 and $10,949 as of September 30, 2022 and December 31, 2021, respectively. Revenue recognized during the three and nine months ended September 30, 2022 from amounts included in contract liabilities as of December 31, 2021 was $424 and $7,640, respectively.

Remaining Performance Obligations

As of September 30, 2022, we had $19,427 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 September 30, 2022. We expect to recognize approximately 58% of this balance over the next twelve months and expect the remainder to be recognized in the following two years.