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REVENUE (Tables)

9 Months Ended

Apr. 03, 2021

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

Contract Balances

A contract asset is recognized when the Company has recognized revenue, but has not issued an invoice for payment. Contract assets are classified separately on the condensed consolidated balance sheet and transferred to receivables when the right to payment becomes unconditional. The following table summarizes the activity in the Company’s contract assets during the nine months ended April 3, 2021 (in thousands):

			Contract Assets
Beginning balance, June 27, 2020			$	23,753
Revenue recognized			379,494
Amounts collected or invoiced			(383,812)
Ending balance, April 3, 2021			$	19,435

Disaggregation of Revenue

Disaggregation of Revenue

The following table presents the Company’s revenue disaggregated for the three and nine months ended April 3, 2021 and March 28, 2020 (in thousands):

						Revenue
Recognition						Three Months Ended												Nine Months Ended
						April 3, 2021						March 28, 2020						April 3, 2021						March 28, 2020
Over-Time						$	133,124					$	110,048					$	379,494					$	329,192
Point-in-Time						1,476						1,407						6,575						4,270
Total						$	134,600					$	111,455					$	386,069					$	333,462

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- References

No definition available.

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