Post-effective amendment to a registration statement that is not immediately effective upon filing

REVENUE (Tables)

v3.21.1
REVENUE (Tables)
12 Months Ended
Dec. 31, 2020
REVENUE  
Schedule of impact of the adoption of ASC 606 on our condensed consolidated balance sheet and consolidated statement of operations

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

As of

 

 

As of

 

ASC 606 

 

January 1,

 

 

December 31, 2018

 

Adjustment

 

 2019

Inventory

 

$

55,644,000

 

$

(10,535,000)

 

$

45,109,000

Contract assets

 

 

 —

 

 

11,482,000

 

 

11,482,000

Deferred tax liability

 

 

 —

 

 

(231,000)

 

 

(231,000)

Retained earnings

 

$

34,549,000

 

$

716,000

 

$

35,265,000

 


 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Balances 

 

 

Revenue under

 

ASC 606 

 

Excluding 

 

 

ASC 606

 

Adjustment

 

ASC 606

Revenues

 

$

304,201,000

 

$

(3,557,000)

 

$

300,644,000

Cost of sales and operating expenses 

 

$

282,143,000

 

$

(3,343,000)

 

$

278,800,000

 

Schedule of contract assets

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31,

    

 

 

 

 

2020

 

 2019

 

Change

Contract assets 

 

$

22,457,000

 

$

7,925,000

 

$

14,532,000

 

Schedule of revenue by segment, as well as total revenue

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2020

 

 

Asset Management

 

 

 

 

 

 

    

Solutions

    

TechOps

    

Total Revenues

USM

 

$

39,959,000

$

2,364,000

 

$

42,323,000

Whole Asset Sales

 

 

3,103,000

 

 —

 

 

3,103,000

Engineered Solutions

 

 

 —

 

3,964,000

 

 

3,964,000

Total Products

 

 

43,062,000

 

6,328,000

 

 

49,390,000

Leasing

 

 

55,649,000

 

 —

 

 

55,649,000

Services

 

 

 —

 

103,899,000

 

 

103,899,000

Total Revenues

 

$

98,711,000

 $

110,227,000

 

$

208,938,000

 


 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2019

 

 

Asset Management

 

    

 

 

 

 

 

    

Solutions

    

 

TechOps

    

Total Revenues

USM

 

$

87,442,000

 

$

5,489,000

 

$

92,931,000

Whole Asset Sales 

 

 

70,136,000

 

 

 —

 

 

70,136,000

Engineered Solutions  

 

 

 —

 

 

7,499,000

 

 

7,499,000

Total Products 

 

 

157,578,000

 

 

12,988,000

 

 

170,566,000

Leasing  

 

 

64,246,000

 

 

 —

 

 

64,246,000

Services 

 

 

 —

 

 

69,389,000

 

 

69,389,000

Total Revenues

 

$

221,824,000

 

$

82,377,000

 

$

304,201,000

 


 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2018

 

 

Asset Management

 

    

 

    

 

 

 

    

Solutions

    

 

TechOps

    

Total Revenues

USM

 

$

81,760,000

 

$

4,516,000

 

$

86,276,000

Whole Asset Sales

 

 

90,039,000

 

 

 —

 

 

90,039,000

Engineered Solutions

 

 

 —

 

 

2,265,000

 

 

2,265,000

Total Products

 

 

171,799,000

 

 

6,781,000

 

 

178,580,000

Leasing

 

 

73,373,000

 

 

 —

 

 

73,373,000

Services

 

 

 —

 

 

38,779,000

 

 

38,779,000

Total Revenues

 

$

245,172,000

 

$

45,560,000

 

$

290,732,000