XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.22.1

Revenue from Contracts with Customers (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table provides information about disaggregated revenue by type of product and contract:
|  |  | For the Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
|  |  |  |  | (Dollars in thousands)
Graphite Electrodes - LTAs |  |  |  |  | $ | 242,481 |  |  | $ | 245,565 |
Graphite Electrodes - Non-LTAs |  |  |  |  | 108,050 |  |  | 47,255 |
By-products and other |  |  |  |  | 15,714 |  |  | 11,577 |
Total Revenues |  |  |  |  | $ | 366,245 |  |  | $ | 304,397 |
Contract with Customer, Contract Liability | The following table provides information about deferred revenue from contracts with customers. Current deferred revenue is included in "Other accrued liabilities" and long-term deferred revenue is included in "Other long-term obligations" on the Condensed Consolidated Balance Sheets:
| Current Deferred Revenue |  | Long-Term Deferred Revenue
| (Dollars in thousands)
Balance as of December 31, 2021 | $ | 9,840 |  |  | $ | 4,303 |
Revenue recognized | (1,549) |  |  | — |
Increases due to net cash received | 37,429 |  |  | — |
Reclassifications between long-term and current | 143 |  |  | (143) |
Balance as of March 31, 2022 | $ | 45,863 |  |  | $ | 4,160 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | The revenue associated with our LTAs is expected to be approximately as follows:
|  |  | 2022 |  | 2023 through 2024
|  |  | (Dollars in millions)
Estimated LTA revenue |  |  | $860-$960 |  | $400-$500(1)
(1) Includes expected termination fees from a few customers that have failed to meet certain obligations under their LTAs.

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 http://asc.fasb.org/extlink&oid=123351226&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 http://asc.fasb.org/extlink&oid=123351226&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

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration