XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.20.2

Inventory | 6 Months Ended
--- | ---
Jun. 30, 2020
Inventory Disclosure [Abstract] |
Inventory | Inventory Inventories as of June 30, 2020 and December 31, 2019 are summarized in the following table:
|  | June 30, 2020 |  | December 31, 2019
Finished goods |  | $ | 56,923 |  |  | $ | 59,864 |
Contract assets |  | 33,606 |  |  | 37,032 |
Work-in-process |  | 4,751 |  |  | 3,728 |
Raw materials |  | 18,444 |  |  | 18,677 |
Inventories - net |  | $ | 113,724 |  |  | $ | 119,301 |
Inventories of the Company are valued at average cost or net realizable value, whichever is lower. In accordance with adoption of ASU 2016-13, the Company evaluated and revised its policies relating to the allowance for credit losses as they pertain to contract assets, as these assets held in inventory will convert to trade receivables upon recognition of revenue for the contract to which they pertain. In addition to contract-specific provisions for which reserves were historically established as a result of our contract review process, management also elected to implement a standard credit loss provision over any remaining contract assets considered to have a similar low risk of credit loss. The development of these estimates is based on historic collection trends, accuracy of estimates within contract margin reporting, as well as the expectation that collection patterns, margin reporting, and bad debt expense will continue to adhere to patterns observed in recent years. These expectations were formed based on trends observed as well as current and expected future conditions. Management monitors and reviews the contributing factors to our reserve, and makes any appropriate revisions as they become necessary.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration