Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.22.2
Revenue Recognition
9 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The Company delivers a variety of products and services through its business segments. 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. 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 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 nine months ended June 30, 2022 and 2021 were as follows:
  Memorialization Industrial Technologies SGK Brand Solutions Consolidated
Three Months Ended
June 30,
Three Months Ended
June 30,
Three Months Ended
June 30,
Three Months Ended
June 30,
2022 2021 2022 2021 2022 2021 2022 2021
North America $ 191,495  $ 168,652  $ 39,736  $ 35,909  $ 68,008  $ 73,831  $ 299,239  $ 278,392 
Central and South America —  —  —  —  1,472  1,225  1,472  1,225 
Europe 9,175  13,072  37,119  44,335  54,046  69,923  100,340  127,330 
Australia 2,488  2,613  —  —  2,797  3,352  5,285  5,965 
Asia —  —  1,588  1,588  13,795  13,880  15,383  15,468 
Total Sales $ 203,158  $ 184,337  $ 78,443  $ 81,832  $ 140,118  $ 162,211  $ 421,719  $ 428,380 
  Memorialization Industrial Technologies SGK Brand Solutions Consolidated
Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30, Nine Months Ended June 30,
2022 2021 2022 2021 2022 2021 2022 2021
North America $ 593,901  $ 529,229  $ 110,869  $ 95,804  $ 211,278  $ 210,515  $ 916,048  $ 835,548 
Central and South America —  —  —  —  3,615  3,919  3,615  3,919 
Europe 32,613  36,174  115,285  100,129  175,900  198,132  323,798  334,435 
Australia 7,354  7,665  —  —  8,352  10,289  15,706  17,954 
Asia —  —  4,774  4,605  41,335  35,730  46,109  40,335 
Total Sales $ 633,868  $ 573,068  $ 230,928  $ 200,538  $ 440,480  $ 458,585  $ 1,305,276  $ 1,232,191 

Revenue from products or services provided to customers over time accounted for approximately 13% of revenue for both the three months ended June 30, 2022 and 2021, and 11% and 10% of revenue for the nine months ended June 30, 2022 and 2021, respectively. As of June 30, 2022 and September 30, 2021, the Company had contract assets of $25,059 and $23,998, respectively, that were recorded in other current assets within the Consolidated Balance Sheets. As of June 30, 2022 and September 30, 2021, the Company had contract liabilities of $13,025 and $19,752, respectively, that were recorded in other current liabilities within the Consolidated Balance Sheets.