Revenue Recognition |
Revenue Recognition 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, 2023 and 2022 were as follows:
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Memorialization |
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Industrial Technologies |
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SGK Brand Solutions |
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Consolidated |
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Three Months Ended June 30, |
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Three Months Ended June 30, |
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Three Months Ended June 30, |
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Three Months Ended June 30, |
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2023 |
2022 |
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2023 |
2022 |
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2023 |
2022 |
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2023 |
2022 |
North America |
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$ |
197,309 |
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$ |
191,495 |
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$ |
43,924 |
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$ |
39,736 |
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$ |
63,000 |
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$ |
68,008 |
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$ |
304,233 |
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$ |
299,239 |
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Central and South America |
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— |
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— |
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— |
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— |
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1,342 |
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1,472 |
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1,342 |
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1,472 |
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Europe |
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8,468 |
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9,175 |
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84,577 |
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37,119 |
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51,532 |
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54,046 |
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144,577 |
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100,340 |
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Australia |
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2,951 |
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2,488 |
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— |
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— |
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2,020 |
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2,797 |
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4,971 |
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5,285 |
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Asia |
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— |
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— |
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2,032 |
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1,588 |
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14,753 |
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13,795 |
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16,785 |
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15,383 |
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Total Sales |
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$ |
208,728 |
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$ |
203,158 |
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$ |
130,533 |
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$ |
78,443 |
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$ |
132,647 |
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$ |
140,118 |
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$ |
471,908 |
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$ |
421,719 |
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Note 3. Revenue Recognition (continued)
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Memorialization |
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Industrial Technologies |
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SGK Brand Solutions |
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Consolidated |
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Nine Months Ended June 30, |
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Nine Months Ended June 30, |
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Nine Months Ended June 30, |
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Nine Months Ended June 30, |
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2023 |
2022 |
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2023 |
2022 |
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2023 |
2022 |
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2023 |
2022 |
North America |
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$ |
604,386 |
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$ |
593,901 |
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$ |
121,900 |
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$ |
110,869 |
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$ |
192,904 |
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$ |
211,278 |
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$ |
919,190 |
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$ |
916,048 |
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Central and South America |
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— |
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— |
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— |
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— |
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3,674 |
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3,615 |
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3,674 |
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3,615 |
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Europe |
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25,293 |
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32,613 |
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237,847 |
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115,285 |
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152,990 |
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175,900 |
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416,130 |
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323,798 |
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Australia |
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8,440 |
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7,354 |
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— |
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— |
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6,535 |
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8,352 |
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14,975 |
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15,706 |
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Asia |
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— |
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— |
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5,443 |
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4,774 |
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41,316 |
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41,335 |
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46,759 |
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46,109 |
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Total Sales |
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$ |
638,119 |
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$ |
633,868 |
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$ |
365,190 |
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$ |
230,928 |
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$ |
397,419 |
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$ |
440,480 |
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$ |
1,400,728 |
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$ |
1,305,276 |
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Revenue from products or services provided to customers over time accounted for approximately 17% and 13% of revenue for the three months ended June 30, 2023 and 2022, respectively, and 14% and 11% of revenue for the nine months ended June 30, 2023 and 2022, respectively.
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