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Revenue (Tables) | 9 Months Ended
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Sep. 28, 2024
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 28, 2024:
(In thousands) |  | Contract Assets |  | Contract Liabilities
Beginning Balance, January 1, 2024 |  | $ | 46,321 |  |  | $ | 22,888 |
Ending Balance, September 28, 2024 |  | $ | 57,489 |  |  | $ | 20,210 |
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 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
Aerospace Segment |  |  |  |  |  |  |  |
Commercial Transport |  | $ | 383,679 |  |  | $ | 308,016 |  |  | $ | 133,850 |  |  | $ | 101,724 |
Military Aircraft |  | 63,545 |  |  | 44,335 |  |  | 21,685 |  |  | 16,687 |
General Aviation |  | 56,643 |  |  | 60,656 |  |  | 18,077 |  |  | 16,193 |
Other |  | 14,268 |  |  | 23,076 |  |  | 3,942 |  |  | 7,500 |
Aerospace Total |  | 518,135 |  |  | 436,083 |  |  | 177,554 |  |  | 142,104 |
Test Systems Segment |  |  |  |  |  |  |  |
Government & Defense |  | 68,751 |  |  | 57,831 |  |  | 26,144 |  |  | 20,818 |
Test Systems Total |  | 68,751 |  |  | 57,831 |  |  | 26,144 |  |  | 20,818 |
Total |  | $ | 586,886 |  |  | $ | 493,914 |  |  | $ | 203,698 |  |  | $ | 162,922 |
The following table presents our revenue disaggregated by Product Lines as follows:
|  | Nine Months Ended |  | Three Months Ended
(In thousands) |  | September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
Aerospace Segment |  |  |  |  |  |  |  |
Electrical Power & Motion |  | $ | 263,919 |  |  | $ | 185,712 |  |  | $ | 90,467 |  |  | $ | 64,312 |
Lighting & Safety |  | 135,162 |  |  | 116,967 |  |  | 46,921 |  |  | 38,496 |
Avionics |  | 83,716 |  |  | 83,011 |  |  | 29,151 |  |  | 22,347 |
Systems Certification |  | 12,272 |  |  | 19,832 |  |  | 4,460 |  |  | 6,535 |
Structures |  | 8,798 |  |  | 7,485 |  |  | 2,613 |  |  | 2,914 |
Other |  | 14,268 |  |  | 23,076 |  |  | 3,942 |  |  | 7,500 |
Aerospace Total |  | 518,135 |  |  | 436,083 |  |  | 177,554 |  |  | 142,104 |
Test Systems |  | 68,751 |  |  | 57,831 |  |  | 26,144 |  |  | 20,818 |
Total |  | $ | 586,886 |  |  | $ | 493,914 |  |  | $ | 203,698 |  |  | $ | 162,922 |

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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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