XML 23 R12.htm IDEA: XBRL DOCUMENT v3.20.2
Net Sales
 6 Months Ended
Jun. 28, 2020
Revenue from Contract with Customer [Abstract]  
Net Sales Net Sales
Disaggregated sales disclosures for the quarter and year-to-date ended June 28, 2020, and June 30, 2019, are included below and in Note 12, Segmental Information.
Second Quarter
20202019
In millionsGas CylindersElektronTotalGas CylindersElektronTotal
General industrial$10.9  $17.9  $28.8  $11.0  $28.5  $39.5  
Transportation18.5  8.6  27.1  24.1  17.2  41.3  
Defense and emergency15.1  11.5  26.6  18.7  12.2  30.9  
Healthcare5.9  1.1  7.0  4.3  0.5  4.8  
$50.4  $39.1  $89.5  $58.1  $58.4  $116.5  

Year-to-date
20202019
In millionsGas CylindersElektronTotalGas CylindersElektronTotal
General industrial$22.8  $45.6  $68.4  $24.1  $59.1  $83.2  
Transportation37.4  19.8  57.2  45.0  36.3  81.3  
Defense and emergency33.2  22.9  56.1  37.4  22.7  60.1  
Healthcare9.6  2.0  11.6  10.0  2.3  12.3  
$103.0  $90.3  $193.3  $116.5  $120.4  $236.9  
The Company’s performance obligations are satisfied over time as work progresses or at a point in time. Design and tooling arrangements are the only contracts for which sales are recognized over time. Sales from these sources combined accounted for less than 1% of the Company’s sales for the quarters and year-to-date ended June 28, 2020, and June 30, 2019. All consideration from contracts with customers is included in these amounts.
The following table provides information about contract receivables, contract assets and contract liabilities from contracts with customers:
In millionsJune 28, 2020December 31, 2019
Contract receivables$2.1  $1.7  
Contract assets0.1  1.3  
Contract liabilities(0.7) (0.5) 
Contract assets consist of $0.1 million accrued unbilled amounts relating to tooling revenue and are recognized in prepayments and accrued income in the consolidated balance sheets. Of the $1.3 million contract assets recognized as of December 31, 2019, $1.2 million was billed to customers and transferred to receivables as of June 28, 2020.
Contract liabilities of $0.7 million consist of advance payments and billing above costs incurred and are recognized as other current liabilities. Significant changes in contract liabilities balances during the period are as follows:
In millions2020
As at January 1,$(0.5) 
Net (payments received) / amounts billed(0.5) 
Net (costs incurred) / revenue recognized0.3  
As at June 28,$(0.7)