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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2026
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

 

 

 

March 31,

 

 

December 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Contract Assets

 

 

 

 

 

 

 

 

 

Unbilled customer receivables included in Other current assets

 

$

5,388

 

 

$

6,688

 

 

$

4,104

 

Total Contract Assets

 

$

5,388

 

 

$

6,688

 

 

$

4,104

 

 

 

 

 

 

 

 

 

 

 

Contract Liabilities

 

 

 

 

 

 

 

 

 

Customer advance payments included in Accrued expenses and other liabilities

 

$

(1,041

)

 

$

(1,633

)

 

$

(910

)

Total Contract Liabilities

 

$

(1,041

)

 

$

(1,633

)

 

$

(910

)

The revenue recognized during the
Summary of Disaggregated Revenues

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

 

 

 

Three months ended

 

 

 

March 31, 2026

 

 

March 31, 2025

 

Transportation

 

$

60,158

 

 

$

58,489

 

Industrial

 

 

37,139

 

 

 

32,448

 

Medical

 

 

24,517

 

 

 

19,131

 

Aerospace & Defense

 

 

17,416

 

 

 

15,701

 

Total

 

$

139,230

 

 

$

125,769