Note 14 - Revenue Recognition |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue from Contract with Customer [Text Block] |
14. Revenue Recognition
The table below sets forth the Company’s revenue disaggregated by category (in thousands):
As of December 31, 2022 and 2021, the contingent purchase price receivable of $16.9 million and $19.9 million included in the Company’s consolidated statements of financial condition, respectively, represents estimated variable consideration related to the contingent purchase price due from homebuilders in connection with the sale of real estate inventory to the homebuilders. As of December 31, 2022 and 2021, the Company’s other liabilities in its consolidated statements of financial condition included $0.6 million of variable consideration related to the estimated contingent purchase price due to a homebuilder in connection with the sale of real estate inventory to the homebuilder.
During the year ended December 31, 2022, Renin’s total revenues included $107.1 million of trade sales to three major customers and their affiliates and $46.9 million of revenues generated outside the United States. Revenues from one customer of Renin represented $49.6 million, $50.3 million, and $34.2 million, of the Company’s total revenues for the years ended December 31, 2022, 2021 and 2020, respectively, which represented 14.5%, 16.0% and 19.7% of the Company’s total revenues for the respective periods. Revenue from a second customer of Renin represented $37.9 million, $42.8 million and $29.4 million of the Company’s total revenues for the years ended December 31, 2022, 2021 and 2020, respectively, which represented 11.1%, 13.6% and 17.0% of the Company’s total revenues during the respective periods. Revenue from a third customer of Renin represented $19.6 million and $30.4 million, of the Company’s total revenues for the years ended December 31, 2022 and December 31, 2021, respectively, which represented 5.7% and 9.7 % of the Company's total revenues for the respective periods.
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- References No definition available.
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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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