XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.23.2

Revenue Recognition | 6 Months Ended
--- | ---
Jul. 29, 2023
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Note 4 – Revenue Recognition We derive revenue from the sale of (i) hardware, including digital color label printers and specialty OEM printing systems, portable data acquisition systems and airborne printers and networking hardware used in the flight deck and cabin of military, commercial and business aircraft, (ii) related supplies required in the operation of the hardware, (iii) repairs and maintenance of hardware and (iv) service agreements. Revenues disaggregated by primary geographic markets and major product types are as follows: Primary geographical markets
|  | Three Months Ended |  |  | Six Months Ended
(In thousands) |  |  | July 29, 2023 |  |  |  | July 30, 2022 |  |  |  | July 29, 2023 |  |  |  | July 30, 2022
United States |  | $ | 22,342 |  |  | $ | 19,044 |  |  | $ | 45,176 |  |  | $ | 38,695
Europe |  |  | 7,836 |  |  |  | 7,883 |  |  |  | 15,801 |  |  |  | 15,301
Canada |  |  | 2,224 |  |  |  | 2,225 |  |  |  | 4,049 |  |  |  | 4,080
Asia |  |  | 1,724 |  |  |  | 1,789 |  |  |  | 3,018 |  |  |  | 2,726
Central and South America |  |  | 1,024 |  |  |  | 1,023 |  |  |  | 2,223 |  |  |  | 1,911
Other |  |  | 374 |  |  |  | 295 |  |  |  | 676 |  |  |  | 556
Total Revenue |  | $ | 35,524 |  |  | $ | 32,259 |  |  | $ | 70,943 |  |  | $ | 63,269
Major product types
|  | Three Months Ended |  |  | Six Months Ended
(In thousands) |  |  | July 29, 2023 |  |  |  | July 30, 2022 |  |  |  | July 29, 2023 |  |  |  | July 30, 2022
Hardware |  | $ | 11,268 |  |  | $ | 8,637 |  |  | $ | 22,934 |  |  | $ | 17,937
Supplies |  |  | 19,700 |  |  |  | 19,166 |  |  |  | 38,772 |  |  |  | 37,111
Service and Other |  |  | 4,556 |  |  |  | 4,456 |  |  |  | 9,237 |  |  |  | 8,221
Total Revenue |  | $ | 35,524 |  |  | $ | 32,259 |  |  | $ | 70,943 |  |  | $ | 63,269
In December 2022, we entered into an amended contract with one of our T&M customers that provided for a total payment of $3.25 million to us as a result of our claims allowable under French law relating to additional component costs we have incurred and will continue to incur in order to supply aerospace printers under the contract for the period beginning in April 2022 and continuing through 2025. Revenue from this arrangement will be recognized in proportion to the total estimated shipments through the end of the contract period. As of January 31, 2023, we have recognized $1.1 million in revenue and the $2.15 million balance was recorded as deferred revenue. During the three and six months of fiscal 2024, we recognized an additional $0.3 million and $0.6 million, respectively, included in revenue in the condensed consolidated statement of income (loss) for the periods ended July 29, 2023, and there is a balance of $1.5 million in the deferred revenue at July 29, 2023. The remaining revenue to be recognized will be based on our shipments of the printers during the remainder of fiscal years 2024 and 2025. Contract Assets and Liabilities We normally do not have contract assets, which are primarily unbilled accounts receivable that are conditional on something other than the passage of time. Our contract liabilities, which represent billings in excess of revenue recognized, are related to advanced billings for purchased service agreements and extended warranties. Contract liabilities were $329,000 and $412,000 at July 29, 2023 and January 31, 2023, respectively, and are recorded as deferred revenue in the accompanying condensed consolidated balance sheet. The decrease in the deferred revenue balance during the three months ended July 29, 2023 is due to revenue recognized during the current period, including $252,000 of revenue recognized that was included in the deferred revenue balance at January 31, 2023. The amount of revenue recognized for the period was partially offset by cash payments received in advance of satisfying performance obligations. Contract Costs We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that certain costs related to obtaining sales contracts for our aerospace printer products meet the requirement to be capitalized. These costs are deferred and amortized over the remaining useful life of these contracts, which we currently estimate to be approximately 18 years as of July 29, 2023. The balance of these contract assets at January 31, 2023 was $1.4 million. During the three and six months ended July 29, 2023, we amortized contract costs of $19,000 and $37,000, respectively. The balance of deferred incremental direct costs net of accumulated amortization at July 29, 2023 was $1.3 million, of which $0.1 million is reported in other current assets and $1.2 million is reported in other assets in the accompanying condensed consolidated balance sheet.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration