XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.20.2

Revenue from Contracts with Customers (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] | The following tables illustrate the disaggregation of revenue by geographic area, groups of similar products and services and sales channels for the three and nine months ended September 30, 2020 and 2019: Net Sales by geographic area
| Three Months Ended |  | Nine Months Ended
| September 30 |  | September 30
| 2020 |  | 2019 |  | 2020 |  | 2019
Americas | $ | 167.7 |  |  | $ | 186.1 |  |  | $ | 466.6 |  |  | $ | 536.4 |
Europe, Middle East and Africa | 69.5 |  |  | 69.7 |  |  | 196.3 |  |  | 228.6 |
Asia Pacific | 24.7 |  |  | 24.9 |  |  | 65.1 |  |  | 77.8 |
Total | $ | 261.9 |  |  | $ | 280.7 |  |  | $ | 728.0 |  |  | $ | 842.8 |
Net Sales are attributed to each geographic area based on the end user country and are net of intercompany sales. Net Sales by groups of similar products and services
| Three Months Ended |  | Nine Months Ended
| September 30 |  | September 30
| 2020 |  | 2019 |  | 2020 |  | 2019
Equipment | $ | 167.6 |  |  | $ | 190.0 |  |  | $ | 456.3 |  |  | $ | 552.9 |
Parts and Consumables | 52.7 |  |  | 46.9 |  |  | 150.2 |  |  | 158.2 |
Specialty Surface Coatings | 5.3 |  |  | 6.9 |  |  | 16.6 |  |  | 20.2 |
Service and Other | 36.3 |  |  | 36.9 |  |  | 104.9 |  |  | 111.5 |
Total | $ | 261.9 |  |  | $ | 280.7 |  |  | $ | 728.0 |  |  | $ | 842.8 |
For the three months ended September 30, 2019, we reclassified $20.7 million from Service and Other to Equipment and $2.8 million from Service and Other to Parts and Consumables. For the nine months ended September 30, 2019, we reclassified $4.9 million from Parts and Consumables to Equipment and $28.8 million from Service and Other to Equipment. Net Sales by sales channel
| Three Months Ended |  | Nine Months Ended
| September 30 |  | September 30
| 2020 |  | 2019 |  | 2020 |  | 2019
Sales Direct to Consumer | $ | 177.3 |  |  | $ | 189.7 |  |  | $ | 488.2 |  |  | $ | 563.5 |
Sales to Distributors | 84.6 |  |  | 91.0 |  |  | 239.8 |  |  | 279.3 |
Total | $ | 261.9 |  |  | $ | 280.7 |  |  | $ | 728.0 |  |  | $ | 842.8 |
Contract with Customer, Asset and Liability [Table Text Block] | The change in our sales incentive accrual balance for the nine months ended September 30, 2020 and 2019 was as follows:
| Nine Months Ended
| September 30
| 2020 |  | 2019
Beginning balance | $ | 13.7 |  |  | $ | 16.7 |
Additions to sales incentive accrual | 15.0 |  |  | 21.0 |
Contract payments | (15.6 | ) |  | (24.4 | )
Foreign currency fluctuations | (0.1 | ) |  | (0.1 | )
Ending balance | $ | 13.0 |  |  | $ | 13.2 |
Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | The change in the deferred revenue balance for the nine months ended September 30, 2020 and 2019 was as follows:
| Nine Months Ended
| September 30
| 2020 |  | 2019
Beginning balance | $ | 10.7 |  |  | $ | 8.5 |
Increase in deferred revenue representing our obligation to satisfy future performance obligations | 15.3 |  |  | 16.9 |
Deferred revenue addition from the acquisition of Gaomei | — |  |  | 1.4 |
Decrease in deferred revenue for amounts recognized in Net Sales for satisfied performance obligations | (15.0 | ) |  | (16.8 | )
Foreign currency fluctuations | (0.8 | ) |  | (0.1 | )
Ending balance | $ | 10.2 |  |  | $ | 9.9 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block] | At September 30, 2020, $6.7 million and $3.5 million of deferred revenue was reported in Other Current Liabilities and Other Liabilities, respectively, on our Consolidated Balance Sheets. Of this, we expect to recognize the following approximate amounts in Net Sales in the following periods:
Remaining 2020 | $ | 4.6 |
2021 | 2.7 |
2022 | 1.6 |
2023 | 0.8 |
2024 | 0.4 |
Thereafter | 0.1 |
Total | $ | 10.2 |

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6935-107765 + Details
Name: | us-gaap_DeferredRevenueByArrangementDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration