Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.22.1
Revenue Recognition
6 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue RecognitionThe Company delivers a variety of products and services through its business segments. The SGK Brand Solutions segment delivers brand management, pre-media services, printing plates and cylinders, imaging services, digital asset management, merchandising display systems, and marketing and design services primarily for the consumer goods and retail industries. The Memorialization segment produces and delivers bronze and granite memorials and other memorialization products, caskets, and cremation and incineration equipment primarily for the cemetery and funeral home industries. The Industrial Technologies segment designs, manufactures, services and distributes high-tech custom energy storage, marking, coding and industrial automation technologies and solutions, and order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products.
Note 3.   Revenue Recognition (continued)

The Company disaggregates revenue from contracts with customers by geography, as it believes geographic regions best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Disaggregated sales by segment and region for the three and six months ended March 31, 2022 and 2021 were as follows:
  SGK Brand Solutions Memorialization Industrial Technologies Consolidated
Three Months Ended
March 31,
Three Months Ended
March 31,
Three Months Ended
March 31,
Three Months Ended
March 31,
2022 2021 2022 2021 2022 2021 2022 2021
North America $ 69,080  $ 66,282  $ 205,655  $ 190,253  $ 34,768  $ 32,260  $ 309,503  $ 288,795 
Central and South America 1,123  1,319  —  —  —  —  1,123  1,319 
Europe 60,852  64,581  11,924  12,662  41,611  31,622  114,387  108,865 
Australia 2,687  3,456  2,425  2,542  —  —  5,112  5,998 
Asia 13,078  10,777  —  —  1,775  1,400  14,853  12,177 
Total Sales $ 146,820  $ 146,415  $ 220,004  $ 205,457  $ 78,154  $ 65,282  $ 444,978  $ 417,154 
  SGK Brand Solutions Memorialization Industrial Technologies Consolidated
Six Months Ended March 31, Six Months Ended March 31, Six Months Ended March 31, Six Months Ended March 31,
2022 2021 2022 2021 2022 2021 2022 2021
North America $ 143,270  $ 136,684  $ 402,406  $ 360,577  $ 71,133  $ 59,895  $ 616,809  $ 557,156 
Central and South America 2,143  2,694  —  —  —  —  2,143  2,694 
Europe 121,854  128,209  23,438  23,102  78,166  55,794  223,458  207,105 
Australia 5,555  6,937  4,866  5,052  —  —  10,421  11,989 
Asia 27,540  21,850  —  —  3,186  3,017  30,726  24,867 
Total Sales $ 300,362  $ 296,374  $ 430,710  $ 388,731  $ 152,485  $ 118,706  $ 883,557  $ 803,811 

Revenue from products or services provided to customers over time accounted for approximately 9% of revenue for both the three months ended March 31, 2022 and 2021, and 11% and 8% of revenue for the six months ended March 31, 2022 and 2021, respectively. As of March 31, 2022 and September 30, 2021, the Company had contract assets of $22,896 and $23,998, respectively, that were recorded in other current assets within the Consolidated Balance Sheets. As of March 31, 2022 and September 30, 2021, the Company had contract liabilities of $12,701 and $19,752, respectively, that were recorded in other current liabilities within the Consolidated Balance Sheets.