Quarterly report pursuant to Section 13 or 15(d)

REVENUE RECOGNITION

v3.21.2
REVENUE RECOGNITION
9 Months Ended
Sep. 30, 2021
REVENUE RECOGNITION  
REVENUE RECOGNITION

2.    REVENUE RECOGNITION

The following tables disaggregate net sales by channel and geography:

Three months ended 

Nine months ended 

September 30,

September 30,

    

2021

    

2020

    

2021

    

2020

U.S. state and local agencies (a)

$

55,559

$

64,507

$

179,385

$

171,552

Commercial

 

7,669

 

10,435

 

27,102

 

25,117

U.S. federal agencies

 

11,286

 

13,177

 

37,365

 

43,632

International

 

22,613

 

16,254

 

74,647

 

51,691

Other

 

1,527

 

1,362

 

5,252

 

5,027

Net sales

$

98,654

$

105,735

$

323,751

$

297,019

(a)Includes all Distribution sales

Three months ended 

    

Nine months ended 

September 30,

September 30,

    

2021

    

2020

    

2021

    

2020

United States

$

76,041

$

89,481

$

249,104

$

245,328

International

 

22,613

 

16,254

 

74,647

 

51,691

$

98,654

$

105,735

$

323,751

$

297,019

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 $9,044 and $6,485 at September 30, 2021 and December 31, 2020, respectively. Revenue recognized during the nine months ended September 30, 2021 from amounts included in contract liabilities at December 31, 2020 was $4,785.

Remaining Performance Obligations

As of September 30, 2021, we had $25,851 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, 2021. We expect to recognize approximately 61% of this balance over the next twelve months and expect the remainder to be recognized in the following two years.