v3.26.1
Note 2 - Revenues
6 Months Ended
Jul. 04, 2026
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 
  

July 4, 2026

  

June 28, 2025

 
  

Sensors

  

Weighing Solutions

  

Measurement Systems

  

Total

  

Sensors

  

Weighing Solutions

  

Measurement Systems

  

Total

 

United States

 $12,415  $10,406  $13,857  $36,678  $10,756  $12,470  $12,708  $35,934 

Europe

  8,649   15,935   1,042  $25,626   7,170   13,819   721   21,710 

Asia

  8,309   3,963   2,711  $14,983   5,045   3,077   1,626   9,748 

Canada

        2,559  $2,559      14   4,115   4,129 

Israel

  4,045   45     $4,090   3,592   48      3,640 

Total

 $33,418  $30,349  $20,169  $83,936  $26,563  $29,428  $19,170  $75,161 

 

  

Six Fiscal Months Ended July 4, 2026

  

Six Fiscal Months Ended June 28, 2025

 
  

Sensors

  

Weighing Solutions

  

Measurement Systems

  

Total

  

Sensors

  

Weighing Solutions

  

Measurement Systems

  

Total

 

United States

 $26,610  $22,338  $28,227  $77,175  $21,233  $23,655  $24,995  $69,883 

Europe

 $16,890  $30,736  $2,283  $49,909   15,517   25,912   1,190   42,619 

Asia

 $14,874  $7,373  $4,260  $26,507   9,908   6,196   3,838   19,942 

Canada

 $  $1  $6,202  $6,203      22   7,393   7,415 

Israel

 $8,358  $136  $  $8,494   6,962   81      7,043 

Total

 $66,732  $60,584  $40,972  $168,288  $53,620  $55,866  $37,416  $146,902 

 

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

 

  Fiscal Quarter Ended  

Six Fiscal Months Ended

 
  

July 4, 2026

  

June 28, 2025

  

July 4, 2026

  

June 28, 2025

 

Test & Measurement

 $17,436  $14,881  $35,204  $29,614 

Avionics, Military & Space

 $10,359   7,278  $21,669   12,656 

Transportation

 $14,735   15,496  $29,535   30,927 

Other Markets

 $14,953   14,815  $31,314   28,063 

Industrial Weighing

 $9,407   9,450  $19,178   17,660 

General Industrial

 $6,932   4,318  $13,370   9,606 

Steel

 $10,114   8,923  $18,018   18,376 

Total

 $83,936  $75,161  $168,288  $146,902 

 

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, 2025

 $3,593  $7,059 

Balance at July 4, 2026

  3,608   4,979 

Increase (decrease)

 $15  $(2,080)

 

The amount of revenue recognized during the six fiscal months ended July 4, 2026 that was included in the contract liability balance at December 31, 2025 was $5.1 million.