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Revenue Recognition
3 Months Ended
Mar. 31, 2020
Revenue Recognition And Deferred Revenue [Abstract]  
Revenue Recognition

Note 7 – Revenue Recognition

Contract Balances

The Company has no material contract assets. The Company’s contract liabilities are comprised of material rights in the Automotive segment.

The aggregate amount of transaction price allocated to material rights that remained unsatisfied as of March 31, 2020 was $186.  The Company expects to recognize into revenue, 23% of this unearned revenue balance during the remainder of 2020, and the remaining 28%, 27% and 22% in 2021, 2022 and 2023, respectively.

Changes in the unearned revenue balance during the three months ended March 31, 2020 were as follows:

Balance as of December 31, 2019

 

$

579

 

Additions to unearned revenue

 

 

 

Reclassified to revenue

 

 

(389

)

Currency impacts

 

 

(4

)

Balance as of March 31, 2020

 

$

186

 

 

Assets Recognized from the Costs to Obtain a Contract with a Customer

The Company recognizes an asset for the incremental costs of obtaining a contract with a customer if the benefits of those costs are expected to be realized for a period greater than one year. Total capitalized costs to obtain a contract were $1,800 and $1,893 as of March 31, 2020 and December 31, 2019, respectively. These amounts are recorded in other current assets and are being amortized into product revenues over the expected production life of the program.