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Net Sales
3 Months Ended
Mar. 31, 2020
Revenue From Contract With Customer [Abstract]  
Net Sales

9.  Net Sales

Disaggregated Net Sales

As discussed in Note 1, we primarily derive our revenues from the sales of various chemical products.  The following table presents our net sales disaggregated by our principal markets, which disaggregation is consistent with other financial information utilized or provided outside of our consolidated financial statements:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars In Thousands)

 

Net sales:

 

 

 

 

 

 

 

 

Agricultural products

 

$

41,458

 

 

$

46,820

 

Industrial acids and other chemical products

 

 

35,206

 

 

 

37,850

 

Mining products

 

 

6,747

 

 

 

9,482

 

Total net sales

 

$

83,411

 

 

$

94,152

 

 

Other Information

Although most of our contracts have an original expected duration of one year or less, for our contracts with a duration greater than one year, the average remaining expected duration was approximately 15 months at March 31, 2020.

Liabilities associated with contracts with customers (contract liabilities) primarily relate to deferred revenue and customer deposits associated with cash payments received in advance from customers for volume shortfall charges and product shipments.  We had approximately $4.2 million and $3.6 million of contract liabilities as of March 31, 2020 and December 31, 2019, respectively.  For the three months ended March 31, 2020 and 2019, revenues of $0.5 million and $1.4 million, respectively, were recognized and included in the balance at the beginning of the respective period.