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Revenues | 12 Months Ended
--- | ---
Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues 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, 2023
| Sensors |  | Weighing Solutions |  | Measurement Systems |  | Total
United States | $ | 49,998 |  |  | $ | 55,421 |  |  | $ | 55,703 |  |  | $ | 161,122 |
United Kingdom | 3,833 |  |  | 14,980 |  |  | 360 |  |  | 19,173 |
Other Europe | 32,262 |  |  | 38,649 |  |  | 5,430 |  |  | 76,341 |
Israel | 17,772 |  |  | 292 |  |  | — |  |  | 18,064 |
Asia | 35,918 |  |  | 13,156 |  |  | 8,861 |  |  | 57,935 |
Canada | — |  |  | 30 |  |  | 22,383 |  |  | 22,413 |
| $ | 139,783 |  |  | $ | 122,528 |  |  | $ | 92,737 |  |  | $ | 355,048 |
| Year Ended December 31, 2022
| Sensors |  | Weighing Solutions |  | Measurement Systems |  | Total
United States | $ | 51,246 |  |  | $ | 58,076 |  |  | $ | 52,435 |  |  | $ | 161,757 |
United Kingdom | 3,481 |  |  | 15,697 |  |  | 572 |  |  | 19,750 |
Other Europe | 31,938 |  |  | 37,490 |  |  | 5,168 |  |  | 74,596 |
Israel | 28,413 |  |  | 470 |  |  | — |  |  | 28,883 |
Asia | 37,143 |  |  | 13,974 |  |  | 7,537 |  |  | 58,654 |
Canada | — |  |  | 8 |  |  | 18,932 |  |  | 18,940 |
| $ | 152,221 |  |  | $ | 125,715 |  |  | $ | 84,644 |  |  | $ | 362,580 |
| Year Ended December 31, 2021
| Sensors |  | Weighing Solutions |  | Measurement Systems |  | Total
United States | $ | 39,845 |  |  | $ | 52,542 |  |  | $ | 40,095 |  |  | $ | 132,482 |
United Kingdom | 3,083 |  |  | 16,577 |  |  | 752 |  |  | 20,412 |
Other Europe | 25,859 |  |  | 39,549 |  |  | 2,503 |  |  | 67,911 |
Israel | 22,391 |  |  | 994 |  |  | — |  |  | 23,385 |
Asia | 36,683 |  |  | 15,719 |  |  | 7,476 |  |  | 59,878 |
Canada | — |  |  | 9 |  |  | 13,842 |  |  | 13,851 |
| $ | 127,861 |  |  | $ | 125,390 |  |  | $ | 64,668 |  |  | $ | 317,919 |
The following table disaggregates net revenue by market sector (in thousands):
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021 |
Test & Measurement | $ | 73,986 |  |  | $ | 78,406 |  |  | $ | 64,124 |  |
Avionics, Military & Space | 38,270 |  |  | 31,399 |  |  | 27,303 |  |
Transportation | 55,060 |  |  | 55,892 |  |  | 49,562 |  |
Other Markets | 72,372 |  |  | 79,750 |  |  | 71,577 |  |
Industrial Weighing | 43,898 |  |  | 52,109 |  |  | 50,626 |  |
General Industrial | 19,917 |  |  | 21,179 |  |  | 16,771 |  |
Steel | 51,545 |  |  | 43,845 |  |  | 37,956 |  |
| $ | 355,048 |  |  | $ | 362,580 |  |  | $ | 317,919 |  |
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
December 31, 2022 | $ | 3,990 |  |  | $ | 7,983 |
December 31, 2023 | $ | 2,989 |  |  | $ | 8,712 |
(Decrease) Increase | $ | (1,001) |  |  | $ | 729 |
The amount of revenue recognized during the year ended December 31, 2023 that was included in the contract liability balance at December 31, 2022 was $7.3 million.

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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://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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