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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the Company’s revenue disaggregated by the major types of goods and services sold to the Company’s customers (in thousands). (See Note 13 for further information regarding net sales by market):
Three Months EndedNine Months Ended
September 30,September 30,
Net sales of:2025202420252024
Products$151,833 $142,877 $446,265 $351,395 
Tooling and Machinery712 1,420 2,512 5,977 
Engineering services2,013 868 5,105 2,979 
Total net sales$154,558 $145,165 $453,882 $360,351 
Schedule of Contract Liabilities and Contract Assets
The following table presents opening and closing balances of contract liabilities for the nine months ended September 30, 2025 and 2024 (in thousands):
Contract Liabilities
Nine Months Ended
September 30,
20252024
Deferred revenue - beginning of period$4,667 $6,616 
Increases due to customers invoiced before revenue recognized4,232 3,302 
Revenue recognized(4,727)(4,128)
Deferred revenue acquired in TPI acquisition661 — 
Deferred revenue acquired in Welch acquisition— 
Deferred revenue - end of period4,833 5,798 
The following table presents opening and closing balances of contract assets for the nine months ended September 30, 2025 and 2024 (in thousands):
Contract Assets
Nine Months Ended
September 30,
20252024
Unbilled Receivables - beginning of period$192 $114 
Increases due to revenue recognized, not invoiced to customers2,937 1,620 
Decreases due to customer invoicing(2,771)(1,532)
Unbilled Receivables - end of period$358 $202