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Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table provides information about disaggregated revenue by type of product and contract, including our take or pay contracts with initial terms of three to five years (“LTA”) and short-term agreements and spot sales (“non-LTA”):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
			(Dollars in thousands)
Graphite Electrodes - LTAs			$	76,369					$	229,290					$	146,235					$	471,771
Graphite Electrodes - Non-LTAs			101,137						109,194						158,097						217,244
By-products and other			8,055						25,162						20,031						40,876
Total Revenues			$	185,561					$	363,646					$	324,363					$	729,891

Contract with Customer, Contract Liability

Current deferred revenue is included in “Other accrued liabilities” on the Condensed Consolidated Balance Sheets. The following table provides our contract liability balances as of June 30, 2023 and December 31, 2022:

			June 30, 2023						December 31, 2022
			(Dollars in thousands)
Current deferred revenue			$	24,835					$	27,878

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The revenue associated with our LTAs is expected to be approximately as follows for the full years of 2023 and 2024:

			2023						2024
			(Dollars in millions)
Estimated LTA revenue			$235-$265						$100-$135(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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

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