Annual report pursuant to Section 13 and 15(d)

REVENUE RECOGNITION

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REVENUE RECOGNITION
 12 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION:
The Company delivers a variety of products and services through its business segments. The Memorialization segment produces and delivers bronze and granite memorials and other memorialization products, caskets, cremation-related products, and cremation and incineration equipment primarily for the cemetery and funeral home industries. The Industrial Technologies segment designs, manufactures, services and distributes high-tech custom energy storage solutions, product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products. The SGK Brand Solutions segment delivers brand management, pre-media services, printing plates and cylinders, imaging services, digital asset management, merchandising display systems, and marketing and design services primarily for the consumer goods and retail industries.

The Company disaggregates revenue from contracts with customers by geography, as it believes geographic regions best depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. Disaggregated sales by segment and region for the years ended September 30, 2022, 2021 and 2020 were as follows:
  North America Central and South America Europe Australia Asia Consolidated
Memorialization:          
2022 $ 788,791  $ —  $ 41,184  $ 10,149  $ —  $ 840,124 
2021 710,926  —  47,858  10,232  —  769,016 
2020 611,496  —  35,557  8,982  —  656,035 
Industrial Technologies:
2022 $ 155,977  $ —  $ 172,985  $ —  $ 6,561  $ 335,523 
2021 142,516  —  135,612  —  6,367  284,495 
2020 120,682  —  104,773  —  2,998  228,453 
SGK Brand Solutions:
2022 $ 285,499  $ 4,729  $ 230,437  $ 11,057  $ 55,034  $ 586,756 
2021 287,954  5,036  262,804  13,336  48,389  617,519 
2020 305,527  6,304  247,501  12,097  42,389  613,818 
Consolidated:          
2022 $ 1,230,267  $ 4,729  $ 444,606  $ 21,206  $ 61,595  $ 1,762,403 
2021 1,141,396  5,036  446,274  23,568  54,756  1,671,030 
2020 1,037,705  6,304  387,831  21,079  45,387  1,498,306 
Revenue from products or services provided to customers over time accounted for approximately 12%, 11%, and less than 5% of revenue for the years ended September 30, 2022, 2021, and 2020, respectively. As of September 30, 2022 and 2021, the Company had contract assets of $48,210 and $23,998, respectively, that were recorded in other current assets within the Consolidated Balance Sheets. As of September 30, 2022 and 2021, the Company had contract liabilities of $31,871 and $19,752, respectively, that were recorded in other current liabilities within the Consolidated Balance Sheets. The increase in contract assets and contract liabilities in fiscal 2022 reflects the acquisition of OLBRICH and R+S Automotive.