| Schedule of Contract Assets and Liabilities |
The following table presents the beginning and ending balances of contract assets and contract liabilities during the three months ended April 1, 2023:
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| (In thousands) |
|
Contract Assets |
|
Contract Liabilities |
Beginning Balance, January 1, 2023 |
|
$ |
27,349 |
|
|
$ |
33,209 |
|
Ending Balance, April 1, 2023 |
|
$ |
30,299 |
|
|
$ |
28,570 |
|
|
| Schedule of Disaggregation of Revenue |
The following table presents our revenue disaggregated by Market Segments as follows:
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|
Three Months Ended |
| (In thousands) |
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|
|
|
April 1, 2023 |
|
April 2, 2022 |
| Aerospace Segment |
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|
|
|
|
|
|
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Commercial Transport |
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|
|
|
|
$ |
94,213 |
|
|
$ |
64,089 |
|
Military Aircraft |
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|
|
|
|
14,064 |
|
|
14,976 |
|
General Aviation |
|
|
|
|
|
19,448 |
|
|
15,867 |
|
Other |
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|
|
|
|
7,872 |
|
|
6,462 |
|
| Aerospace Total |
|
|
|
|
|
135,597 |
|
|
101,394 |
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|
|
|
|
|
|
|
|
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| Test Systems Segment |
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Government & Defense |
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|
|
|
|
20,941 |
|
|
14,782 |
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| Test Systems Total |
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|
|
|
|
20,941 |
|
|
14,782 |
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|
|
|
|
|
|
|
|
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| Total |
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|
|
|
|
$ |
156,538 |
|
|
$ |
116,176 |
|
The following table presents our revenue disaggregated by Product Lines as follows:
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Three Months Ended |
| (In thousands) |
|
|
|
|
|
April 1, 2023 |
|
April 2, 2022 |
| Aerospace Segment |
|
|
|
|
|
|
|
|
Electrical Power & Motion |
|
|
|
|
|
$ |
53,454 |
|
|
$ |
44,467 |
|
Lighting & Safety |
|
|
|
|
|
36,553 |
|
|
29,211 |
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Avionics |
|
|
|
|
|
29,741 |
|
|
18,875 |
|
Systems Certification |
|
|
|
|
|
5,677 |
|
|
1,002 |
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Structures |
|
|
|
|
|
2,300 |
|
|
1,377 |
|
Other |
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|
|
|
|
7,872 |
|
|
6,462 |
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| Aerospace Total |
|
|
|
|
|
135,597 |
|
|
101,394 |
|
|
|
|
|
|
|
|
|
|
| Test Systems |
|
|
|
|
|
20,941 |
|
|
14,782 |
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|
|
|
|
|
|
|
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| Total |
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|
|
|
|
$ |
156,538 |
|
|
$ |
116,176 |
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