Net Sales |
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| Net Sales | 8. Net Sales Disaggregated Net Sales We primarily derive our revenues from the sales of various chemical products. The Company’s net sales disaggregation is consistent with other financial information utilized or provided outside of our condensed consolidated financial statements. Accordingly, this approach is reflected in disaggregated net sales, mirroring how the Company manages its net sales by product through contracts with customers. The following table presents our net sales disaggregated by our products, which disaggregation is consistent with other financial information utilized or provided outside of our condensed consolidated financial statements:
Other Information For our contracts with a duration greater than one year at contract inception, the average remaining expected duration was approximately 35 months at June 30, 2026. Liabilities associated with contracts with customers (contract liabilities) primarily relate to deferred revenue and customer deposits associated with cash payments received in advance from customers for product shipments. Our contract liabilities as of June 30, 2026 and December 31, 2025 were minimal. For the three and six months ended June 30, 2026, revenues recognized from contract liabilities included in the balances as of March 31, 2026 and December 31, 2025, respectively, were minimal. For the three and six months ended June 30, 2025, we recognized revenues of $10.3 million and $1.1 million, respectively, from amounts included in contract liabilities as of March 31, 2025 and December 31, 2024, respectively. Our contract assets consist of unconditional rights to payment from our customers, which are reflected as accounts receivable in our condensed consolidated balance sheets. For most of our contracts with customers, the transaction price from the inception of a contract is limited to a short period of time (generally one month) as these contracts contain terms with variable consideration related to both price and quantity. At June 30, 2026, we had remaining performance obligations with certain customer contracts, excluding contracts with original durations of less than one year and for service contracts for which we have elected the practical expedient for consideration recognized in revenue as invoiced. As of June 30, 2026, the remaining performance obligations totaled approximately $158.0 million, of which approximately 66% relates to , approximately 21% relates to , with the remainder thereafter. |
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