XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.23.1

Revenue Recognition (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue Disaggregated by Product Line and Geographic Area | The following tables present the Company's net sales disaggregated by market and geographic area:
|  | Year ended March 31, |
Market |  | 2023 |  |  | 2022 |  |  | 2021 |
Refining |  | $ | 27,270 |  |  | $ | 24,406 |  |  | $ | 39,713 |
Chemical/Petrochemical |  |  | 21,950 |  |  |  | 15,955 |  |  |  | 24,019 |
Defense |  |  | 65,327 |  |  |  | 62,189 |  |  |  | 23,939 |
Space |  |  | 21,180 |  |  |  | 5,744 |  |  |  | — |
Other Commercial |  |  | 21,391 |  |  |  | 14,520 |  |  |  | 9,818 |
Net sales |  | $ | 157,118 |  |  | $ | 122,814 |  |  | $ | 97,489 |
|  | Year ended March 31, |
Geographic Area |  | 2023 |  |  | 2022 |  |  | 2021 |
Asia |  | $ | 16,040 |  |  | $ | 13,687 |  |  | $ | 25,614 |
Canada |  |  | 4,464 |  |  |  | 3,583 |  |  |  | 6,538 |
Middle East |  |  | 2,914 |  |  |  | 2,489 |  |  |  | 4,843 |
South America |  |  | 3,021 |  |  |  | 1,972 |  |  |  | 6,202 |
U.S. |  |  | 127,519 |  |  |  | 97,718 |  |  |  | 52,724 |
All other |  |  | 3,160 |  |  |  | 3,365 |  |  |  | 1,568 |
Net sales |  | $ | 157,118 |  |  | $ | 122,814 |  |  | $ | 97,489 |
The following table presents the Company's revenue percentages disaggregated by revenue recognized over time or upon shipment:
|  | Year ended March 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Revenue recognized over time |  |  | 74 | % |  |  | 75 | % |  |  | 60 | %
Revenue recognized at shipment |  |  | 26 | % |  |  | 25 | % |  |  | 40 | %
Schedule of Disaggregation of Revenue | The following tables present the Company's net sales disaggregated by market and geographic area:
|  | Year ended March 31, |
Market |  | 2023 |  |  | 2022 |  |  | 2021 |
Refining |  | $ | 27,270 |  |  | $ | 24,406 |  |  | $ | 39,713 |
Chemical/Petrochemical |  |  | 21,950 |  |  |  | 15,955 |  |  |  | 24,019 |
Defense |  |  | 65,327 |  |  |  | 62,189 |  |  |  | 23,939 |
Space |  |  | 21,180 |  |  |  | 5,744 |  |  |  | — |
Other Commercial |  |  | 21,391 |  |  |  | 14,520 |  |  |  | 9,818 |
Net sales |  | $ | 157,118 |  |  | $ | 122,814 |  |  | $ | 97,489 |
|  | Year ended March 31, |
Geographic Area |  | 2023 |  |  | 2022 |  |  | 2021 |
Asia |  | $ | 16,040 |  |  | $ | 13,687 |  |  | $ | 25,614 |
Canada |  |  | 4,464 |  |  |  | 3,583 |  |  |  | 6,538 |
Middle East |  |  | 2,914 |  |  |  | 2,489 |  |  |  | 4,843 |
South America |  |  | 3,021 |  |  |  | 1,972 |  |  |  | 6,202 |
U.S. |  |  | 127,519 |  |  |  | 97,718 |  |  |  | 52,724 |
All other |  |  | 3,160 |  |  |  | 3,365 |  |  |  | 1,568 |
Net sales |  | $ | 157,118 |  |  | $ | 122,814 |  |  | $ | 97,489 |
The following table presents the Company's revenue percentages disaggregated by revenue recognized over time or upon shipment:
|  | Year ended March 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Revenue recognized over time |  |  | 74 | % |  |  | 75 | % |  |  | 60 | %
Revenue recognized at shipment |  |  | 26 | % |  |  | 25 | % |  |  | 40 | %
Schedule of Net Contract Assets (Liabilities) | Net contract assets (liabilities) consisted of the following:
|  | March 31, 2023 |  |  | March 31, 2022 |  |  | Change |  |  | Change due to revenue recognized |  |  | Change due to invoicing customers/ additional deposits |
Unbilled revenue (contract assets) |  | $ | 39,684 |  |  | $ | 25,570 |  |  | $ | 14,114 |  |  | $ | 84,794 |  |  | $ | (70,680 | )
Customer deposits (contract liabilities) |  |  | (46,042 | ) |  |  | (25,644 | ) |  |  | (20,398 | ) |  |  | 22,366 |  |  |  | (42,764 | )
Net contract (liabilities) assets |  | $ | (6,358 | ) |  | $ | (74 | ) |  | $ | (6,284 | ) |  |  |  |  |  |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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