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Revenues | 12 Months Ended
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Dec. 31, 2018
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues On January 1, 2018, the Company adopted ASC 606 using the modified retrospective method. As a result of the adoption, there was no cumulative effect adjustments. The Company has determined that the impact of adoption of ASC 606 does not have a material impact on the timing or amount of revenue that we recognize based on our business activities existing at the date of adoption. The following table disaggregates net revenue by geographic region from contracts with customers based on net revenues generated by subsidiaries within that geographic location (in thousands):
| Year Ended December 31, 2018
| Foil Technology Products |  | Force Sensors |  | Weighing and Control Systems |  | Total
United States | $ | 61,132 |  |  | $ | 39,955 |  |  | $ | 23,818 |  |  | $ | 124,905 |
United Kingdom | 3,666 |  |  | 11,787 |  |  | 14,296 |  |  | 29,749 |
Other Europe | 31,431 |  |  | 10,678 |  |  | 18,741 |  |  | 60,850 |
Israel | 11,028 |  |  | 517 |  |  | — |  |  | 11,545 |
Asia | 33,752 |  |  | 10,249 |  |  | 7,442 |  |  | 51,443 |
Canada | — |  |  | — |  |  | 21,302 |  |  | 21,302 |
| $ | 141,009 |  |  | $ | 73,186 |  |  | $ | 85,599 |  |  | $ | 299,794 |
| Year Ended December 31, 2017
| Foil Technology Products |  | Force Sensors |  | Weighing and Control Systems |  | Total
United States | $ | 52,032 |  |  | $ | 34,108 |  |  | $ | 19,523 |  |  | $ | 105,663 |
United Kingdom | 3,173 |  |  | 12,187 |  |  | 11,127 |  |  | 26,487 |
Other Europe | 26,322 |  |  | 8,793 |  |  | 17,312 |  |  | 52,427 |
Israel | 6,673 |  |  | 635 |  |  | — |  |  | 7,308 |
Asia | 28,073 |  |  | 9,723 |  |  | 7,288 |  |  | 45,084 |
Canada | — |  |  | — |  |  | 17,381 |  |  | 17,381 |
| $ | 116,273 |  |  | $ | 65,446 |  |  | $ | 72,631 |  |  | $ | 254,350 |
| Year Ended December 31, 2016
| Foil Technology Products |  | Force Sensors |  | Weighing and Control Systems |  | Total
United States | $ | 47,414 |  |  | $ | 30,082 |  |  | $ | 18,423 |  |  | $ | 95,919 |
United Kingdom | 3,770 |  |  | 12,232 |  |  | 10,843 |  |  | 26,845 |
Other Europe | 22,969 |  |  | 8,087 |  |  | 15,345 |  |  | 46,401 |
Israel | 4,719 |  |  | 751 |  |  | 27 |  |  | 5,497 |
Asia | 22,070 |  |  | 9,082 |  |  | 3,731 |  |  | 34,883 |
Canada | — |  |  | — |  |  | 15,384 |  |  | 15,384 |
| $ | 100,942 |  |  | $ | 60,234 |  |  | $ | 63,753 |  |  | $ | 224,929 |
The following table disaggregates net revenue by market sector(in thousands):
| Years Ended December 31,
| 2018 |  | 2017 |  | 2016 |
Test & Measurement | $ | 76,735 |  |  | $ | 64,798 |  |  | $ | 53,691 |  |
Avionics, Military & Space | 26,743 |  |  | 22,378 |  |  | 19,801 |  |
Medical | 9,868 |  |  | 8,769 |  |  | 8,459 |  |
Precision Weighing | 93,734 |  |  | 81,439 |  |  | 84,455 |  |
Force Measurement | 66,551 |  |  | 53,503 |  |  | 39,975 |  |
Steel | 26,163 |  |  | 23,463 |  |  | 18,548 |  |
| $ | 299,794 |  |  | $ | 254,350 |  |  | $ | 224,929 |  |
Arrangements with Multiple Performance Obligations Contracts with our customers can include multiple performance obligations. For such arrangements, we allocate revenues to each performance obligation based on its relative standalone selling price which is determined based on the prices charged to customers when sold on a standalone basis. Contract Assets & Liabilities Contract assets are established when revenues are recognized prior to a contractual payment due from the customer. When a payment becomes due based on the contract terms, the Company will reduce the contract asset and record a receivable. Contract liabilities are deferred revenues that are recorded when cash payments are received or due in advance of our performance obligations. Our payment terms vary by the type and location of the products offered. The term between invoicing and when payment is due is not significant. The outstanding contract assets and liability accounts were as follows (in thousands):
| Contract Asset |  | Contract Liability
| Unbilled Revenue |  | Accrued Customer Advances
Balance at December 31, 2017 | $ | 824 |  |  | $ | 3,229 |
Balance at December 31, 2018 | $ | 964 |  |  | $ | 5,328 |
Increase | $ | 140 |  |  | $ | 2,099 |
The amount of revenue recognized during the year ended December 31, 2018 that was included in the contract liability balance at December 31, 2017 was $3.0 million. Practical Expedients The Company does not disclose the value of unsatisfied performance obligations for contracts that have a duration of one year or less and for contracts that are substantially complete. The Company treats shipping and handling activities as fulfillment costs.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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