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Revenue From Contracts With Customers
3 Months Ended
Apr. 02, 2021
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregated Revenue
In general, the Company’s business segmentation is aligned according to the nature and economic characteristics of its products and customer relationships and provides meaningful disaggregation of each business segment’s results of operations. For a summary by disaggregated product line sales for each segment, refer to Note 14, “Segment Information.”
Revenue recognized from products and services transferred to customers over time represented 35% and 30%, respectively, of total revenue for the three months ended April 2, 2021 and April 3, 2020. All revenue recognized from products and services transferred to customers over time during the periods presented was within the Medical segment.
The following table presents revenues by significant customers, which are defined as any customer who individually represents 10% or more of a segment’s total revenues.
Three Months Ended
April 2, 2021April 3, 2020
CustomerMedical Non-Medical Medical Non-Medical
Customer A22%*20%*
Customer B13%*18%*
Customer C17%*16%*
Customer D*26%*19%
All other customers48%74%46%81%
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* Less than 10% of segment’s total revenues for the period.
The following tables present revenues by significant ship to location, which is defined as any country where 10% or more of a segment’s total revenues are shipped.
Three Months Ended
April 2, 2021April 3, 2020
Ship to LocationMedical Non-Medical Medical Non-Medical
United States53%69%55%44%
Puerto Rico**12%*
United Kingdom*10%*15%
Singapore***14%
Canada*11%*12%
All other countries47%10%33%15%
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* Less than 10% of segment’s total revenues for the period.
Contract Balances
The opening and closing balances of the Company’s contract assets and contract liabilities are as follows (in thousands):
April 2,
2021
December 31,
2020
Contract assets$44,686 $40,218 
Contract liabilities2,379 2,498 
Contract assets at April 2, 2021, increased $4.5 million from December 31, 2020, due to a contract modification to add existing products and extend the contractual term. During the three months ended April 2, 2021, the Company recognized $0.9 million of revenue that was included in the contract liability balance as of December 31, 2020. During the three months ended April 3, 2020, the Company recognized $0.1 million of revenue that was included in the contract liability balance as of December 31, 2019.