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REVENUES | 9 Months Ended
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Jun. 30, 2021
REVENUES |
REVENUES | 11. REVENUES Disaggregation of Revenues Revenues by customer type, geographic location, and revenue recognition method for the three and nine-month periods ended June 30, 2021 are presented in the tables below as the Company believes it best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors. The tables below also include a reconciliation of the disaggregated revenue within each reportable segment on a continuing operations basis. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended June 30, 2021 |  | Aerospace |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
(In thousands) | ​ | & Defense | ​ | USG | ​ | Test | ​ | Total | ​
Customer type: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial | ​ | $ | 34,708 | ​ | $ | 46,735 | ​ | $ | 42,063 | ​ | $ | 123,506 | ​
U.S. Government | ​ |  | 50,868 | ​ | ​ | 969 | ​ | ​ | 6,051 | ​ |  | 57,888 | ​
Total revenues | ​ | $ | 85,576 | ​ | $ | 47,704 | ​ | $ | 48,114 | ​ | $ | 181,394 | ​
​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Geographic location: | ​ |  | ​ | ​ | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
United States | ​ | $ | 75,701 | ​ | $ | 32,111 | ​ | $ | 27,719 | ​ | $ | 135,531 | ​
International | ​ |  | 9,875 | ​ | ​ | 15,593 | ​ | ​ | 20,395 | ​ |  | 45,863 | ​
Total revenues | ​ | $ | 85,576 | ​ | $ | 47,704 | ​ | $ | 48,114 | ​ | $ | 181,394 | ​
​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​
Revenue recognition method: | ​ |  | ​ | ​ | ​ |  | ​ | ​ |  | ​ |  | ​ | ​
Point in time | ​ | $ | 37,513 | ​ | $ | 35,242 | ​ | $ | 9,673 | ​ | $ | 82,428 | ​
Over time | ​ |  | 48,063 | ​ | ​ | 12,462 | ​ | ​ | 38,441 | ​ |  | 98,966 | ​
Total revenues | ​ | $ | 85,576 | ​ | $ | 47,704 | ​ | $ | 48,114 | ​ | $ | 181,394 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended June 30, 2021 | ​ | Aerospace | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
(In thousands) |  | & Defense |  | USG |  | Test |  | Total |
Customer type: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Commercial | ​ | $ | 95,712 | ​ | $ | 139,149 | ​ | $ | 118,089 | ​ | $ | 352,950 | ​
U.S. Government | ​ |  | 139,008 | ​ |  | 2,650 | ​ |  | 15,354 | ​ |  | 157,012 | ​
Total revenues | ​ | $ | 234,720 | ​ | $ | 141,799 | ​ | $ | 133,443 | ​ | $ | 509,962 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geographic location: | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  | ​ | ​
United States | ​ | $ | 205,527 | ​ | $ | 96,601 | ​ | $ | 73,950 | ​ | $ | 376,078 | ​
International | ​ |  | 29,193 | ​ |  | 45,198 | ​ |  | 59,493 | ​ |  | 133,884 | ​
Total revenues | ​ | $ | 234,720 | ​ | $ | 141,799 | ​ | $ | 133,443 | ​ | $ | 509,962 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue recognition method: | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  | ​ | ​
Point in time | ​ | $ | 103,492 | ​ | $ | 105,173 | ​ | $ | 27,789 | ​ | $ | 236,454 | ​
Over time | ​ |  | 131,228 | ​ |  | 36,626 | ​ |  | 105,654 | ​ |  | 273,508 | ​
Total revenues | ​ | $ | 234,720 | ​ | $ | 141,799 | ​ | $ | 133,443 | ​ | $ | 509,962 | ​
​ Revenues by customer type, geographic location, and revenue recognition method for the three and nine-month periods ended June 30, 2020 are presented in the tables below. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended June 30, 2020 | ​ | Aerospace | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) |  | & Defense |  | USG |  | Test |  | Total
Customer type: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial | ​ | $ | 37,485 | ​ | $ | 39,740 | ​ | $ | 38,737 | ​ | $ | 115,962
U.S. Government | ​ |  | 46,587 | ​ |  | 2,837 | ​ |  | 7,279 | ​ |  | 56,703
Total revenues | ​ | $ | 84,072 | ​ | $ | 42,577 | ​ | $ | 46,016 | ​ | $ | 172,665
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geographic location: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
United States | ​ | $ | 73,476 | ​ | $ | 26,499 | ​ | $ | 19,441 | ​ | $ | 119,416
International | ​ |  | 10,596 | ​ |  | 16,078 | ​ |  | 26,575 | ​ |  | 53,249
Total revenues | ​ | $ | 84,072 | ​ | $ | 42,577 | ​ | $ | 46,016 | ​ | $ | 172,665
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue recognition method: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Point in time | ​ | $ | 36,461 | ​ | $ | 27,765 | ​ | $ | 9,138 | ​ | $ | 73,364
Over time | ​ |  | 47,611 | ​ |  | 14,812 | ​ |  | 36,878 | ​ |  | 99,301
Total revenues | ​ | $ | 84,072 | ​ | $ | 42,577 | ​ | $ | 46,016 | ​ | $ | 172,665
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Nine months ended June 30, 2020 | ​ | Aerospace | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(In thousands) |  | & Defense |  | USG |  | Test |  | Total
Customer type: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Commercial | ​ | $ | 130,817 | ​ | $ | 135,711 | ​ | $ | 107,931 | ​ | $ | 374,459
U.S. Government | ​ |  | 125,890 | ​ |  | 3,468 | ​ |  | 21,068 | ​ |  | 150,426
Total revenues | ​ | $ | 256,707 | ​ | $ | 139,179 | ​ | $ | 128,999 | ​ | $ | 524,885
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Geographic location: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
United States | ​ | $ | 219,640 | ​ | $ | 90,155 | ​ | $ | 69,399 | ​ | $ | 379,194
International | ​ |  | 37,067 | ​ |  | 49,024 | ​ |  | 59,600 | ​ |  | 145,691
Total revenues | ​ | $ | 256,707 | ​ | $ | 139,179 | ​ | $ | 128,999 | ​ | $ | 524,885
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue recognition method: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Point in time | ​ | $ | 118,660 | ​ | $ | 100,289 | ​ | $ | 26,157 | ​ | $ | 245,106
Over time | ​ |  | 138,047 | ​ |  | 38,890 | ​ |  | 102,842 | ​ |  | 279,779
Total revenues | ​ | $ | 256,707 | ​ | $ | 139,179 | ​ | $ | 128,999 | ​ | $ | 524,885
​ Remaining Performance Obligations Remaining performance obligations, which is the equivalent of backlog, represent the expected transaction price allocated to contracts that the Company expects to recognize as revenue in future periods when the Company performs under the contracts. These remaining obligations include amounts that have been formally appropriated under contracts with the U.S. Government, and exclude unexercised contract options and potential orders under ordering-type contracts such as Indefinite Delivery, Indefinite Quantity contracts. At June 30, 2021, the Company had $539.0 million in remaining performance obligations of which the Company expects to recognize revenues of approximately 70% in the next twelve months. Contract assets and contract liabilities Assets and liabilities related to contracts with customers are reported on a contract-by-contract basis at the end of each reporting period. At June 30, 2021, contract assets and contract liabilities totaled $94.8 million and $105.8 million, respectively. Contract assets and contract liabilities are presented as current in the consolidated balance sheets as it is expected all related transaction activity with customers will be substantially completed within twelve months. During the first nine months of 2021, the Company recognized approximately $75 million in revenues that were included in the contract liabilities balance at September 30, 2020.

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