| 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 |
|
| |
|
September 27, 2025 |
|
|
September 28, 2024 |
|
| |
|
Sensors |
|
|
Weighing Solutions |
|
|
Measurement Systems |
|
|
Total |
|
|
Sensors |
|
|
Weighing Solutions |
|
|
Measurement Systems |
|
|
Total |
|
| United States |
|
$ |
13,685 |
|
|
$ |
11,665 |
|
|
$ |
10,581 |
|
|
$ |
35,931 |
|
|
$ |
10,068 |
|
|
$ |
11,154 |
|
|
$ |
14,751 |
|
|
$ |
35,973 |
|
| Europe |
|
|
8,363 |
|
|
|
12,778 |
|
|
|
3,371 |
|
|
$ |
24,512 |
|
|
|
7,475 |
|
|
|
11,017 |
|
|
|
378 |
|
|
|
18,870 |
|
| Asia |
|
|
5,492 |
|
|
|
3,043 |
|
|
|
2,683 |
|
|
$ |
11,218 |
|
|
|
5,479 |
|
|
|
2,901 |
|
|
|
1,778 |
|
|
|
10,158 |
|
| Canada |
|
|
— |
|
|
|
— |
|
|
|
3,931 |
|
|
$ |
3,931 |
|
|
|
— |
|
|
|
— |
|
|
|
5,445 |
|
|
|
5,445 |
|
| Israel |
|
|
4,085 |
|
|
|
51 |
|
|
|
— |
|
|
$ |
4,136 |
|
|
|
5,179 |
|
|
|
102 |
|
|
|
— |
|
|
|
5,281 |
|
| Total |
|
$ |
31,625 |
|
|
$ |
27,537 |
|
|
$ |
20,566 |
|
|
$ |
79,728 |
|
|
$ |
28,201 |
|
|
$ |
25,174 |
|
|
$ |
22,352 |
|
|
$ |
75,727 |
|
| |
|
Nine Fiscal Months Ended September 27, 2025 |
|
|
Nine Fiscal Months Ended September 28, 2024 |
|
| |
|
Sensors |
|
|
Weighing Solutions |
|
|
Measurement Systems |
|
|
Total |
|
|
Sensors |
|
|
Weighing Solutions |
|
|
Measurement Systems |
|
|
Total |
|
| United States |
|
$ |
34,918 |
|
|
$ |
35,320 |
|
|
$ |
35,576 |
|
|
$ |
105,814 |
|
|
$ |
29,931 |
|
|
$ |
33,491 |
|
|
$ |
39,204 |
|
|
$ |
102,626 |
|
| Europe |
|
$ |
23,879 |
|
|
$ |
38,690 |
|
|
$ |
4,561 |
|
|
$ |
67,130 |
|
|
|
24,936 |
|
|
|
38,489 |
|
|
|
3,539 |
|
|
|
66,964 |
|
| Asia |
|
$ |
15,400 |
|
|
$ |
9,240 |
|
|
$ |
6,521 |
|
|
$ |
31,161 |
|
|
|
16,378 |
|
|
|
9,119 |
|
|
|
6,873 |
|
|
|
32,370 |
|
| Canada |
|
$ |
— |
|
|
$ |
22 |
|
|
$ |
11,325 |
|
|
$ |
11,347 |
|
|
|
— |
|
|
|
101 |
|
|
|
16,303 |
|
|
|
16,404 |
|
| Israel |
|
$ |
11,046 |
|
|
$ |
132 |
|
|
$ |
— |
|
|
$ |
11,178 |
|
|
|
15,238 |
|
|
|
267 |
|
|
|
— |
|
|
|
15,505 |
|
| Total |
|
$ |
85,243 |
|
|
$ |
83,404 |
|
|
$ |
57,983 |
|
|
$ |
226,630 |
|
|
$ |
86,483 |
|
|
$ |
81,467 |
|
|
$ |
65,919 |
|
|
$ |
233,869 |
|
The following table disaggregates net revenue from contracts with customers by market sector (in thousands).
| |
|
Fiscal Quarter Ended |
|
|
Nine Fiscal Months Ended |
|
| |
|
September 27, 2025 |
|
|
September 28, 2024 |
|
|
September 27, 2025 |
|
|
September 28, 2024 |
|
| Test & Measurement |
|
$ |
16,829 |
|
|
$ |
14,337 |
|
|
$ |
46,442 |
|
|
$ |
43,955 |
|
| Avionics, Military & Space |
|
|
7,262 |
|
|
|
8,581 |
|
|
|
19,918 |
|
|
|
21,769 |
|
| Transportation |
|
|
14,724 |
|
|
|
12,802 |
|
|
|
45,651 |
|
|
|
38,985 |
|
| Other Markets |
|
|
14,352 |
|
|
|
14,826 |
|
|
|
42,415 |
|
|
|
48,750 |
|
| Industrial Weighing |
|
|
9,083 |
|
|
|
8,578 |
|
|
|
26,742 |
|
|
|
28,021 |
|
| General Industrial |
|
|
5,720 |
|
|
|
4,538 |
|
|
|
15,326 |
|
|
|
14,702 |
|
| Steel |
|
|
11,758 |
|
|
|
12,065 |
|
|
|
30,136 |
|
|
|
37,687 |
|
| Total |
|
$ |
79,728 |
|
|
$ |
75,727 |
|
|
$ |
226,630 |
|
|
$ |
233,869 |
|
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 September 27, 2025 |
|
|
2,563 |
|
|
|
8,893 |
|
| Increase (decrease) |
|
$ |
(767 |
) |
|
$ |
621 |
|
The amount of revenue recognized during the nine fiscal months ended September 27, 2025 that was included in the contract liability balance at December 31, 2024 was $5.9 million.
|