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Revenue Recognition | 9 Months Ended
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Sep. 30, 2020
Revenue Recognition [Abstract] |
Revenue Recognition | REVENUE RECOGNITION The following table presents the Company’s Net sales disaggregated by geographic region, based on the location of the end customer, and by major product line:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
(in millions) | 2020 |  | 2019 |  | 2020 |  | 2019 |  |  |  |
Geographic Region: |  |  |  |  |  |  |  |  |  |  |
U.S. | $ | 219.1 |  |  | $ | 252.6 |  |  | $ | 650.7 |  |  | $ | 705.6 |  |  |  |  |
Canada | 41.6 |  |  | 35.6 |  |  | 113.4 |  |  | 131.2 |  |  |  |  |
Europe/Other | 19.1 |  |  | 20.6 |  |  | 71.9 |  |  | 70.1 |  |  |  |  |
Total net sales | $ | 279.8 |  |  | $ | 308.8 |  |  | $ | 836.0 |  |  | $ | 906.9 |  |  |  |  |
Major Product Line: |  |  |  |  |  |  |  |  |  |  |
Environmental Solutions |  |  |  |  |  |  |  |  |  |  |
Vehicles and equipment (a) | $ | 179.1 |  |  | $ | 198.3 |  |  | $ | 531.1 |  |  | $ | 585.7 |  |  |  |  |
Parts | 32.4 |  |  | 34.4 |  |  | 96.7 |  |  | 101.0 |  |  |  |  |
Rental income (b) | 9.2 |  |  | 12.1 |  |  | 27.3 |  |  | 35.1 |  |  |  |  |
Other (c) | 10.3 |  |  | 9.2 |  |  | 23.1 |  |  | 18.9 |  |  |  |  |
Total | 231.0 |  |  | 254.0 |  |  | 678.2 |  |  | 740.7 |  |  |  |  |
Safety and Security Systems |  |  |  |  |  |  |  |  |  |  |
Public safety and security equipment | 29.5 |  |  | 31.6 |  |  | 97.6 |  |  | 98.6 |  |  |  |  |
Industrial signaling equipment | 11.6 |  |  | 15.1 |  |  | 38.0 |  |  | 45.1 |  |  |  |  |
Warning systems | 7.7 |  |  | 8.1 |  |  | 22.2 |  |  | 22.5 |  |  |  |  |
Total | 48.8 |  |  | 54.8 |  |  | 157.8 |  |  | 166.2 |  |  |  |  |
Total net sales | $ | 279.8 |  |  | $ | 308.8 |  |  | $ | 836.0 |  |  | $ | 906.9 |  |  |  |  |
(a) Includes net sales from the sale of new and used vehicles and equipment, including sales of rental equipment. (b) Represents income from vehicle and equipment lease arrangements with customers. (c) Primarily includes revenues from services, such as maintenance and repair work, and the sale of extended warranty contracts. Contract Balances The Company recognizes contract liabilities when cash payments, such as customer deposits, are received in advance of the Company’s satisfaction of the related performance obligations. Contract liabilities are recognized as Net sales when the related performance obligations are satisfied, which generally occurs within three to six months of the cash receipt. Contract liability balances are not materially impacted by any other factors. The Company’s contract liabilities were $14.7 million and $13.9 million as of September 30, 2020 and December 31, 2019, respectively. Contract assets, such as unbilled receivables, were not material as of any of the periods presented herein.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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