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REVENUE (Tables)

3 Months Ended

Oct. 02, 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 three months ended October 2, 2021 (in thousands):

			Contract Assets
Beginning balance, July 3, 2021			$	24,781
Revenue recognized			129,481
Amounts collected or invoiced			(130,611)
Ending balance, October 2, 2021			$	23,651

Disaggregation of Revenue

Disaggregation of Revenue

The following table presents the Company’s revenue disaggregated for the three months ended October 2, 2021 and September 26, 2020 (in thousands):

						Revenue
Recognition						Three Months Ended
						October 2, 2021						September 26, 2020
Over-Time						$	129,481					$	120,836
Point-in-Time						3,281						2,371
Total						$	132,762					$	123,207

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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