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 six months ended March 31, 2024 and 2023 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 March 31, |
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Three Months Ended March 31, |
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Three Months Ended March 31, |
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Three Months Ended March 31, |
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2024 |
2023 |
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2024 |
2023 |
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2024 |
2023 |
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2024 |
2023 |
North America |
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$ |
212,053 |
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$ |
211,878 |
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$ |
32,817 |
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$ |
41,835 |
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$ |
63,152 |
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$ |
62,324 |
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$ |
308,022 |
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$ |
316,037 |
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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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1,308 |
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995 |
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1,308 |
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995 |
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Europe |
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7,907 |
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8,462 |
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81,579 |
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81,970 |
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52,731 |
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52,941 |
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142,217 |
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143,373 |
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Australia |
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2,196 |
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2,549 |
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— |
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— |
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2,153 |
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2,216 |
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4,349 |
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4,765 |
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Asia |
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— |
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— |
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1,740 |
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1,709 |
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13,587 |
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12,701 |
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15,327 |
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14,410 |
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Total Sales |
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$ |
222,156 |
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$ |
222,889 |
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$ |
116,136 |
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$ |
125,514 |
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$ |
132,931 |
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$ |
131,177 |
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$ |
471,223 |
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$ |
479,580 |
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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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Six Months Ended March 31, |
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Six Months Ended March 31, |
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Six Months Ended March 31, |
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Six Months Ended March 31, |
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2024 |
2023 |
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2024 |
2023 |
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2024 |
2023 |
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2024 |
2023 |
North America |
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$ |
409,218 |
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$ |
407,077 |
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$ |
65,956 |
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$ |
77,975 |
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$ |
125,872 |
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$ |
129,904 |
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$ |
601,046 |
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$ |
614,956 |
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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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2,562 |
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2,332 |
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2,562 |
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2,332 |
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Europe |
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15,878 |
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16,825 |
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158,355 |
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153,271 |
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102,863 |
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101,458 |
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277,096 |
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271,554 |
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Australia |
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5,131 |
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5,489 |
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— |
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— |
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4,324 |
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4,515 |
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9,455 |
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10,004 |
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Asia |
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— |
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— |
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3,199 |
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3,411 |
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27,851 |
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26,563 |
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31,050 |
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29,974 |
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Total Sales |
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$ |
430,227 |
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$ |
429,391 |
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$ |
227,510 |
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$ |
234,657 |
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$ |
263,472 |
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$ |
264,772 |
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$ |
921,209 |
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$ |
928,820 |
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Revenue from products or services provided to customers over time accounted for approximately 18% and 13% of revenue for the three months ended March 31, 2024 and 2023, respectively and 19% and 13% of revenue for the six months ended March 31, 2024 and 2023, respectively.
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