Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.22.4
Revenue
 9 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
We disaggregate our revenue from contracts with customers by geographic location, as well as revenues recognized at point in time and revenues recognized over time, as we believe these best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors.
Revenue recognized at a point-in-time based on when control transitions to the customer is generally related to our product sales. Point-in-time revenue does not typically require engineering or installation services. Revenue recognized over time occurs on our projects where engineering or installation services, or a combination of the two, are required. We recognize revenue related to such projects in a systematic way that reflects the transfer of goods or services, or a combination of goods and services, to the customer.
Disaggregation of revenues from contracts with customers for the three and nine months ended December 31, 2022 and 2021 is as follows:
Three Months Ended December 31, 2022 Three Months Ended December 31, 2021
Revenues recognized at point in time Revenues recognized over time Total Revenues recognized at point in time Revenues recognized over time Total
United States and Latin America $ 34,762  $ 24,988  $ 59,750  $ 19,695  $ 30,132  $ 49,827 
Canada 32,725  10,446  43,171  25,358  5,696  31,054 
Europe, Middle East and Africa 6,643  4,582  11,225  7,896  5,041  12,937 
Asia-Pacific 4,268  3,696  7,964  4,654  2,141  6,795 
Total revenues $ 78,398  $ 43,712  $ 122,110  $ 57,603  $ 43,010  $ 100,613 

Nine Months Ended December 31, 2022 Nine Months Ended December 31, 2021
Revenues recognized at point in time Revenues recognized over time Total Revenues recognized at point in time Revenues recognized over time Total
United States and Latin America $ 82,627  $ 70,150  $ 152,777  $ 50,565  $ 52,360  $ 102,925 
Canada 83,512  26,638  110,150  64,490  16,938  81,428 
Europe, Middle East and Africa 17,811  12,993  30,804  21,218  23,148  44,366 
Asia-Pacific 15,565  8,813  24,378  15,810  8,561  24,371 
Total revenues $ 199,515  $ 118,594  $ 318,109  $ 152,083  $ 101,007  $ 253,090 
Performance Obligations
    At December 31, 2022, revenues associated with our open performance obligations totaled $164,653. Within this amount, approximately $14,276 will be earned as revenue in excess of one year. We expect to recognize the remaining revenues associated with unsatisfied or partially satisfied performance obligations within 12 months.
Contract Assets and Liabilities
    As of December 31, 2022 and March 31, 2022, contract assets were $16,597 and $19,626, respectively. There were no losses recognized on our contract assets for the nine months ended December 31, 2022 and 2021, except as described in Note 4, "Restructuring and Other Charges/(Income)." As of December 31, 2022 and March 31, 2022, contract liabilities were $9,780 and $8,010, respectively. The majority of contract liabilities at March 31, 2022 will be recognized as revenue in fiscal 2023. We typically recognize revenue associated with our contract liabilities within 12 months.