Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.23.1
Revenue Recognition
6 Months Ended
Mar. 31, 2023
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, cremation-related products, 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 solutions, product identification and warehouse automation technologies and solutions, including 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 six months ended March 31, 2023 and 2022 were as follows:

  Memorialization Industrial Technologies SGK Brand Solutions Consolidated
Three Months Ended
March 31,
Three Months Ended
March 31,
Three Months Ended
March 31,
Three Months Ended
March 31,
2023 2022 2023 2022 2023 2022 2023 2022
North America $ 211,878  $ 205,655  $ 41,835  $ 34,768  $ 62,324  $ 69,080  $ 316,037  $ 309,503 
Central and South America —  —  —  —  995  1,123  995  1,123 
Europe 8,462  11,924  81,970  41,611  52,941  60,852  143,373  114,387 
Australia 2,549  2,425  —  —  2,216  2,687  4,765  5,112 
Asia —  —  1,709  1,775  12,701  13,078  14,410  14,853 
Total Sales $ 222,889  $ 220,004  $ 125,514  $ 78,154  $ 131,177  $ 146,820  $ 479,580  $ 444,978 
Note 3.   Revenue Recognition (continued)
  Memorialization Industrial Technologies SGK Brand Solutions Consolidated
Six Months Ended March 31, Six Months Ended March 31, Six Months Ended March 31, Six Months Ended March 31,
2023 2022 2023 2022 2023 2022 2023 2022
North America $ 407,077  $ 402,406  $ 77,975  $ 71,133  $ 129,904  $ 143,270  $ 614,956  $ 616,809 
Central and South America —  —  —  —  2,332  2,143  2,332  2,143 
Europe 16,825  23,438  153,271  78,166  101,458  121,854  271,554  223,458 
Australia 5,489  4,866  —  —  4,515  5,555  10,004  10,421 
Asia —  —  3,411  3,186  26,563  27,540  29,974  30,726 
Total Sales $ 429,391  $ 430,710  $ 234,657  $ 152,485  $ 264,772  $ 300,362  $ 928,820  $ 883,557 

Revenue from products or services provided to customers over time accounted for approximately 13% and 9% of revenue for the three months ended March 31, 2023 and 2022, respectively, and 13% and 11% of revenue for the six months ended March 31, 2023 and 2022, respectively.