3. Revenue Recognition—Effective January 1, 2018, the Company adopted ASC 606, Revenue Recognition. The Company recognizes revenue from the sale of its products, which include insecticides, herbicides, soil fumigants, and fungicides. The Company sells its products to customers, which include distributors and retailers. In addition, the Company recognizes royalty income from the sale of intellectual property. Based on similar economic and operational characteristics, the Company’s business is aggregated into one reportable segment. Selective enterprise information of sales disaggregated by category and geographic region is as follows:

	Three Months Ended June 30, 2019				Six Months Ended June 30, 2019
	As reported		Without adoption of ASC 606		As reported		Without adoption of ASC 606
Net sales:
Crop:
Insecticides	$	36,509	$	36,515	$	76,692	$	76,722
Herbicides/soil fumigants/fungicides		37,203		37,203		68,738		68,738
Other, including plant growth regulators and distribution		22,173		22,173		37,843		37,843
		95,885		95,891		183,273		183,303
Non-crop, including distribution		17,219		17,219		29,507		29,507
Total net sales:	$	113,104	$	113,110	$	212,780	$	212,810
Net sales:
US	$	64,530	$	64,536	$	126,067	$	126,097
International		48,574		48,574		86,713		86,713
Total net sales:	$	113,104	$	113,110	$	212,780	$	212,810
Timing of revenue recognition:
Goods transferred at a point in time	$	113,104	$	113,110	$	212,401	$	212,810
Goods and services transferred over time		—		—		379		—
Total net sales:	$	113,104	$	113,110	$	212,780	$	212,810

Performance Obligations—A performance obligation is a promise in a contract or sales order to transfer a distinct good or service to the customer, and is the unit of account in ASC 606. A transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. Certain of the Company’s sales orders have multiple performance obligations, as the promise to transfer individual goods or services is separately identifiable from other promises in the sales orders. For sales orders with multiple performance obligations, the Company allocates the sales order’s transaction price to each performance obligation based on its relative stand-alone selling price. The stand-alone selling prices are determined based on the prices at which the Company separately sells these products. The Company’s performance obligations are satisfied either at a point in time or over time as work progresses.

As of June 30, 2019, the Company had $751 of remaining performance obligations, which is comprised of deferred revenue and services not yet delivered. The Company expects to recognize approximately all of its remaining performance obligations as revenue in fiscal 2019.

Contract Balances—The timing of revenue recognition, billings and cash collections results in deferred revenue in the condensed consolidated balance sheets. The Company sometimes receives payments from its customers in advance of goods and services being provided in return for early cash incentive programs, resulting in deferred revenues. These related assets and liabilities are reported on the condensed consolidated balance sheet at the end of each reporting period.

Revenue recognized for the three and six months ended June 30, 2019, that was included in the deferred revenue at the beginning of 2019 were $3,408 and $19,349, respectively.