XML 24 R11.htm IDEA: XBRL DOCUMENT
v3.19.2

Revenues | 6 Months Ended
--- | ---
Jun. 30, 2019
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues Revenue Recognition We serve approximately 500 customers annually in more than 40 countries and across a wide variety of industries. For the three months ended June 30, 2019 and 2018, the Company's ten largest customers accounted for approximately 47% and 45% of total sales, respectively. For the six months ended June 30, 2019 and 2018, the Company's ten largest customers accounted for approximately 46% and 45% of total sales, respectively. We typically sell to customers under master service agreements, with one- to two-year terms on average, or by purchase orders. We have historically experienced low customer turnover and have an average customer relationship of approximately 20 years. Our largest customer is Shaw Industries Group Inc. (“Shaw”), one of the world's largest consumers of caprolactam and Nylon 6 resin. We sell Nylon 6 resin and caprolactam to Shaw under a long-term agreement. For the three months ended June 30, 2019 and 2018, our sales to Shaw were 19% and 22%, respectively, of our total sales. For the six months ended June 30, 2019 and 2018, our sales to Shaw were 21% and 22%, respectively, of our total sales. Each of the Company’s product lines represented the following approximate percentage of total sales for the three and six months ended June 30, 2019 and 2018:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2019 |  | 2018 |  | 2019 |  | 2018
Nylon | 27% |  |  | 27% |  |  | 29% |  |  | 28% |
Caprolactam | 20% |  |  | 19% |  |  | 20% |  |  | 18% |
Ammonium Sulfate Fertilizers | 27% |  |  | 21% |  |  | 25% |  |  | 20% |
Chemical Intermediates | 26% |  |  | 33% |  |  | 26% |  |  | 34% |
| 100% |  |  | 100% |  |  | 100% |  |  | 100% |
The Company's revenues by geographic area for the three and six months ended June 30, 2019 and 2018 were as follows:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2019 |  | 2018 |  | 2019 |  | 2018
United States | $ | 289,551 |  | $ | 342,497 |  | $ | 547,193 |  | $ | 640,145
International | 55,664 |  | 57,962 |  | 112,917 |  | 119,552
Total | $ | 345,215 |  | $ | 400,459 |  | $ | 660,110 |  | $ | 759,697
Deferred Income and Customer Advances The Company defers revenues when cash payments are received in advance of our performance. Customer advances relate primarily to sales from the ammonium sulfate business. Below is a roll-forward of Deferred income and customer advances for the six months ended June 30, 2019:
Opening balance January 1, 2019 | $ | 22,556
Additional cash advances | 1,083
Less amounts recognized in revenues | (20,455)
Ending balance June 30, 2019 | $ | 3,184
The Company expects to recognize as revenue the June 30, 2019 ending balance of Deferred income and customer advances within one year or less.

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 The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration