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Revenue From Contracts With Customers | 9 Months Ended
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Oct. 01, 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 33% and 34%, respectively, of total revenue for the three and nine months ended October 1, 2021, compared to 30% and 29%, respectively, for the three and nine months ended October 2, 2020. All revenue recognized from products and services transferred to customers over time during the periods presented was within the Medical segment. The following tables present 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
|  | October 1, 2021 |  | October 2, 2020
Customer |  | Medical |  | Non-Medical |  | Medical |  | Non-Medical
Customer A |  | 17% |  | * |  | 16% |  | *
Customer B |  | 17% |  | * |  | 17% |  | *
Customer C |  | 14% |  | * |  | 17% |  | *
Customer D |  | * |  | 38% |  | * |  | 25%
Customer F |  | * |  | * |  | * |  | 11%
All other customers |  | 52% |  | 62% |  | 50% |  | 64%
|  | Nine Months Ended
|  | October 1, 2021 |  | October 2, 2020
Customer |  | Medical |  | Non-Medical |  | Medical |  | Non-Medical
Customer A |  | 20% |  | * |  | 20% |  | *
Customer B |  | 17% |  | * |  | 16% |  | *
Customer C |  | 14% |  | * |  | 15% |  | *
Customer D |  | * |  | 34% |  | * |  | 22%
Customer E |  | * |  | * |  | * |  | 11%
All other customers |  | 49% |  | 66% |  | 49% |  | 67%
__________ * 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
|  | October 1, 2021 |  | October 2, 2020
Ship to Location |  | Medical |  | Non-Medical |  | Medical |  | Non-Medical
United States |  | 56% |  | 68% |  | 58% |  | 66%
South Korea |  | * |  | * |  | * |  | 11%
All other countries |  | 44% |  | 32% |  | 42% |  | 23%
(15.) REVENUE FROM CONTRACTS WITH CUSTOMERS (Continued)
|  | Nine Months Ended
|  | October 1, 2021 |  | October 2, 2020
Ship to Location |  | Medical |  | Non-Medical |  | Medical |  | Non-Medical
United States |  | 54% |  | 69% |  | 56% |  | 54%
Canada |  | * |  | * |  | * |  | 11%
United Kingdom |  | * |  | * |  | * |  | 10%
All other countries |  | 46% |  | 31% |  | 44% |  | 25%
__________ * 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):
| October 1, 2021 |  | December 31, 2020
Contract assets | $ | 59,440 |  |  | $ | 40,218 |
Contract liabilities | 2,865 |  |  | 2,498 |
Contract assets at October 1, 2021, increased $19.2 million from December 31, 2020, primarily due to a contract modification to add existing products and extend the contractual term. During the three and nine months ended October 1, 2021, the Company recognized $0.3 million and $1.4 million, respectively, of revenue that was included in the contract liability balance as of December 31, 2020. During the three and nine months ended October 2, 2020, the Company recognized $0.2 million and $1.3 million respectively, of revenue that was included in the contract liability balance as of December 31, 2019.

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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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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