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v3.23.3

Revenue (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Contract Assets and Liabilities | The following table presents the beginning and ending balances of contract assets and contract liabilities during the nine months ended September 30, 2023:
(In thousands) |  | Contract Assets |  | Contract Liabilities
Beginning Balance, January 1, 2023 |  | $ | 27,349 |  |  | $ | 33,209 |
Ending Balance, September 30, 2023 |  | $ | 39,654 |  |  | $ | 27,029 |
Schedule of Disaggregation of Revenue | The following table presents our revenue disaggregated by Market Segments as follows:
|  | Nine Months Ended |  | Three Months Ended
(In thousands) |  | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Aerospace Segment |  |  |  |  |  |  |  |
Commercial Transport |  | $ | 308,016 |  |  | $ | 211,721 |  |  | $ | 101,724 |  |  | $ | 78,389 |
Military Aircraft |  | 44,335 |  |  | 41,336 |  |  | 16,687 |  |  | 12,463 |
General Aviation |  | 60,656 |  |  | 48,748 |  |  | 16,193 |  |  | 14,751 |
Other |  | 23,076 |  |  | 21,056 |  |  | 7,500 |  |  | 6,574 |
Aerospace Total |  | 436,083 |  |  | 322,861 |  |  | 142,104 |  |  | 112,177 |
Test Systems Segment |  |  |  |  |  |  |  |
Government & Defense |  | 57,831 |  |  | 53,880 |  |  | 20,818 |  |  | 19,261 |
Test Systems Total |  | 57,831 |  |  | 53,880 |  |  | 20,818 |  |  | 19,261 |
Total |  | $ | 493,914 |  |  | $ | 376,741 |  |  | $ | 162,922 |  |  | $ | 131,438 |
The following table presents our revenue disaggregated by Product Lines as follows:
|  | Nine Months Ended |  | Three Months Ended
(In thousands) |  | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022
Aerospace Segment |  |  |  |  |  |  |  |
Electrical Power & Motion |  | $ | 185,712 |  |  | $ | 132,757 |  |  | $ | 64,312 |  |  | $ | 46,155 |
Lighting & Safety |  | 116,967 |  |  | 90,339 |  |  | 38,496 |  |  | 29,740 |
Avionics |  | 83,011 |  |  | 67,453 |  |  | 22,347 |  |  | 24,172 |
Systems Certification |  | 19,832 |  |  | 6,656 |  |  | 6,535 |  |  | 3,985 |
Structures |  | 7,485 |  |  | 4,600 |  |  | 2,914 |  |  | 1,551 |
Other |  | 23,076 |  |  | 21,056 |  |  | 7,500 |  |  | 6,574 |
Aerospace Total |  | 436,083 |  |  | 322,861 |  |  | 142,104 |  |  | 112,177 |
Test Systems |  | 57,831 |  |  | 53,880 |  |  | 20,818 |  |  | 19,261 |
Total |  | $ | 493,914 |  |  | $ | 376,741 |  |  | $ | 162,922 |  |  | $ | 131,438 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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