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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Assets and Liabilities

Contract assets and liabilities included in our Condensed Consolidated Balance Sheets are as follows:

 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Contract Assets

 

 

 

 

 

 

Unbilled customer receivables included in Other current assets

 

$

7,671

 

 

$

4,104

 

Total Contract Assets

 

$

7,671

 

 

$

4,104

 

 

 

 

 

 

 

 

Contract Liabilities

 

 

 

 

 

 

Customer advance payments included in Accrued expenses and other liabilities

 

$

(451

)

 

$

(910

)

Total Contract Liabilities

 

$

(451

)

 

$

(910

)

 

Summary of Disaggregated Revenues

The following table presents revenues disaggregated by the major markets we serve:

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30, 2025

 

 

September 30, 2024

 

 

September 30, 2025

 

 

September 30, 2024

 

Transportation

 

$

58,547

 

 

$

63,031

 

 

$

177,710

 

 

$

193,769

 

Industrial

 

 

37,104

 

 

 

30,747

 

 

 

103,662

 

 

 

93,985

 

Medical

 

 

21,957

 

 

 

18,020

 

 

 

60,264

 

 

 

52,754

 

Aerospace & Defense

 

 

25,362

 

 

 

20,586

 

 

 

62,411

 

 

 

47,788

 

Total

 

$

142,970

 

 

$

132,384

 

 

$

404,047

 

 

$

388,296