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Revenues
 12 Months Ended
Sep. 30, 2024
Revenues  
Revenues

12.     Revenues

(a)Disaggregation of Revenues

The tables below present our revenues by customer type, geographic location, and revenue recognition method for the years ended September 30, 2024 and 2023, as we believe this presentation best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors. The tables also include a reconciliation of the disaggregated revenue within our reportable segments.

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Year Ended September 30, 2024

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(In thousands)

    

A&D

    

USG

    

Test

    

Total

Customer type:

 

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Commercial

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$

186,171

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361,478

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164,321

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711,970

Government

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​

262,004

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7,583

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45,202

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314,789

Total revenues

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$

448,175

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369,061

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209,523

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1,026,759

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Geographic location:

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United States

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$

376,707

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240,153

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120,500

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737,360

International

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71,468

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128,908

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89,023

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289,399

Total revenues

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$

448,175

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369,061

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209,523

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1,026,759

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Revenue recognition method:

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Point in time

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$

213,625

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301,200

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43,150

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557,975

Over time

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234,550

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67,861

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166,373

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468,784

Total revenues

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$

448,175

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369,061

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209,523

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1,026,759

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Year Ended September 30, 2023

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(In thousands)

    

A&D

    

USG

    

Test

    

Total

Customer type:

 

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Commercial

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$

170,193

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331,836

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193,744

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695,773

Government

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222,250

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10,484

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27,526

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260,260

Total revenues

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$

392,443

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342,320

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221,270

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956,033

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Geographic location:

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United States

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$

326,566

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220,536

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118,289

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665,391

International

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65,877

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121,784

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102,981

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290,642

Total revenues

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$

392,443

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342,320

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221,270

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956,033

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Revenue recognition method:

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Point in time

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$

178,222

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281,977

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44,042

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504,241

Over time

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214,221

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60,343

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177,228

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451,792

Total revenues

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$

392,443

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342,320

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221,270

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956,033

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(b)Remaining Performance Obligations

Our remaining performance obligations, which is the equivalent of our backlog, represent the expected transaction price allocated to our performance obligations that we expect to recognize as revenue in future periods when we perform 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 or Indefinite Quantity contracts. At September 30, 2024, we had $879.0 million in remaining performance obligations of which we expect to recognize revenues of approximately 70% in the next twelve months.

(c)Contract assets, contract liabilities and accounts receivable

We report assets and liabilities related to our contracts with customers on a contract-by-contract basis at the end of each reporting period. At September 30, 2024, our contract assets, contract liabilities and accounts receivable totaled $130.5 million, $134.3 million and $240.7 million, respectively. At September 30, 2023, our contract assets, contract liabilities and accounts receivable totaled $138.6 million, $123.1 million and $198.6 million, respectively. At September 30, 2022, our contract assets, contract liabilities and accounts receivable totaled $125.2 million, $137.6 million and $164.6 million, respectively. During 2024, we recognized approximately $68 million in revenues that were included in the contract liabilities balance at September 30, 2023.