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Note 3 - Revenue | 6 Months Ended
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Jun. 30, 2023
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | NOTE 3 – REVENUE Disaggregation of Revenue The following tables disaggregate total net sales by end market and geographic location:
|  | End market |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Industrial |  | $ | 22,786 |  |  | $ | 18,664 |  |  | $ | 43,731 |  |  | $ | 36,518 |
Fire |  |  | 36,935 |  |  |  | 27,904 |  |  |  | 73,074 |  |  |  | 56,326 |
Agriculture |  |  | 5,027 |  |  |  | 5,195 |  |  |  | 9,776 |  |  |  | 10,207 |
Construction |  |  | 11,921 |  |  |  | 10,073 |  |  |  | 22,949 |  |  |  | 19,238 |
Municipal |  |  | 19,549 |  |  |  | 16,950 |  |  |  | 36,973 |  |  |  | 31,257 |
Petroleum |  |  | 3,719 |  |  |  | 2,631 |  |  |  | 7,739 |  |  |  | 6,173 |
OEM |  |  | 9,480 |  |  |  | 9,300 |  |  |  | 18,490 |  |  |  | 18,031 |
Repair parts |  |  | 18,722 |  |  |  | 14,809 |  |  |  | 35,912 |  |  |  | 29,943 |
Total net sales excluding Fill-Rite |  |  | 128,139 |  |  |  | 105,526 |  |  |  | 248,644 |  |  |  | 207,693 |
Fill-Rite |  |  | 42,885 |  |  |  | 13,541 |  |  |  | 82,846 |  |  |  | 13,541 |
Total net sales |  | $ | 171,024 |  |  | $ | 119,067 |  |  | $ | 331,490 |  |  | $ | 221,234 |
|  | Geographic Location |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
United States |  | $ | 128,289 |  |  | $ | 85,375 |  |  | $ | 248,039 |  |  | $ | 157,766 |
Foreign countries |  |  | 42,735 |  |  |  | 33,692 |  |  |  | 83,451 |  |  |  | 63,468 |
Total net sales |  | $ | 171,024 |  |  | $ | 119,067 |  |  | $ | 331,490 |  |  | $ | 221,234 |
International sales represented approximately 25% and 28% of total net sales for the second quarter of 2023 and 2022, respectively, and were made to customers in many different countries around the world. On June 30, 2023, the Company had $249.8 million of remaining performance obligations, also referred to as backlog. The Company expects to recognize as revenue substantially all of its remaining performance obligations within one year. The Company’s contract assets and liabilities as of June 30, 2023 and December 31, 2022 were as follows:
|  | June 30, 2023 |  |  | December 31, 2022 |
Contract assets |  | $ | - |  |  | $ | - |
Contract liabilities |  | $ | 9,097 |  |  | $ | 6,740 |
Revenue recognized for the six months ended June 30, 2023 and 2022 that was included in the contract liabilities balance at the beginning of the period was $3.7 million and $8.2 million, respectively.

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