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Note 2 - Revenues
 6 Months Ended
Jun. 28, 2025
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

Note 2 – Revenues

 

Revenue Recognition

 

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):

 

    Fiscal Quarter Ended     Fiscal Quarter Ended  
   

June 28, 2025

    

June 29, 2024

  
   

Sensors

    

Weighing Solutions

    

Measurement Systems

    

Total

    

Sensors

    

Weighing Solutions

    

Measurement Systems

    

Total

  

United States

   $ 10,756     $ 12,470     $ 12,708     $ 35,934     $ 9,984     $ 11,010     $ 13,009     $ 34,003  

Europe

     7,170       13,819       721       21,710       8,386       13,241       735       22,362  

Asia

     5,045       3,077       1,626       9,748       4,626       3,043       1,649       9,318  

Canada

     —       14       4,115       4,129       —       67       5,650       5,717  

Israel

     3,592       48       —       3,640       5,872       87       —       5,959  

Total

   $ 26,563     $ 29,428     $ 19,170     $ 75,161     $ 28,868     $ 27,448     $ 21,043     $ 77,359  

 

   

Six Fiscal Months Ended June 28, 2025

    

Six Fiscal Months Ended June 29, 2024

  
   

Sensors

    

Weighing Solutions

    

Measurement Systems

    

Total

    

Sensors

    

Weighing Solutions

    

Measurement Systems

    

Total

  

United States

   $ 21,233     $ 23,655     $ 24,995     $ 69,883     $ 19,864     $ 22,337     $ 24,453     $ 66,654  

Europe

     15,517       25,912       1,190       42,619       17,461       27,472       3,160       48,093  

Asia

     9,908       6,196       3,838       19,942       10,899       6,218       5,095       22,212  

Canada

     —       22       7,393       7,415       —       101       10,859       10,960  

Israel

     6,962       81       —       7,043       10,059       164       —       10,223  

Total

   $ 53,620     $ 55,866     $ 37,416     $ 146,902     $ 58,283     $ 56,292     $ 43,567     $ 158,142  

 

The following table disaggregates net revenue from contracts with customers by market sector (in thousands).

 

    Fiscal Quarter Ended    

Six Fiscal Months Ended

  
   

June 28, 2025

    

June 29, 2024

    

June 28, 2025

    

June 29, 2024

  

Test & Measurement

   $ 14,881     $ 13,968     $ 29,614     $ 29,618  

Avionics, Military & Space

     7,278       6,199       12,656       13,188  

Transportation

     15,496       11,813       30,927       26,183  

Other Markets

     14,815       17,953       28,063       33,924  

Industrial Weighing

     9,450       9,629       17,660       19,443  

General Industrial

     4,318       4,845       9,606       10,164  

Steel

     8,923       12,952       18,376       25,622  

Total

   $ 75,161     $ 77,359     $ 146,902     $ 158,142  

 

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

  
           

Accrued

  
   

Unbilled

    

Customer

  
   

Revenue

    

Advances

  

Balance at December 31, 2024

   $ 3,330     $ 8,272  

Balance at June 28, 2025

     3,084       8,730  

Increase (decrease)

   $ 246     $ (458 )

 

The amount of revenue recognized during the six fiscal months ended June 28, 2025 that was included in the contract liability balance at December 31, 2024 was $1.5 million.