| 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 March 30, 2024:
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| (In thousands) |
|
Contract Assets |
|
Contract Liabilities |
Beginning Balance, January 1, 2024 |
|
$ |
46,321 |
|
|
$ |
22,888 |
|
Ending Balance, March 30, 2024 |
|
$ |
49,849 |
|
|
$ |
21,092 |
|
|
| 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) |
|
|
|
|
|
March 30, 2024 |
|
April 1, 2023 |
| Aerospace Segment |
|
|
|
|
|
|
|
|
Commercial Transport |
|
|
|
|
|
$ |
121,430 |
|
|
$ |
94,213 |
|
Military Aircraft |
|
|
|
|
|
17,079 |
|
|
14,064 |
|
General Aviation |
|
|
|
|
|
19,551 |
|
|
19,448 |
|
Other |
|
|
|
|
|
5,578 |
|
|
7,872 |
|
| Aerospace Total |
|
|
|
|
|
163,638 |
|
|
135,597 |
|
|
|
|
|
|
|
|
|
|
| Test Systems Segment |
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|
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|
|
Government & Defense |
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|
|
|
|
21,436 |
|
|
20,941 |
|
| Test Systems Total |
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|
|
|
|
21,436 |
|
|
20,941 |
|
|
|
|
|
|
|
|
|
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| Total |
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|
|
|
|
$ |
185,074 |
|
|
$ |
156,538 |
|
The following table presents our revenue disaggregated by Product Lines as follows:
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|
Three Months Ended |
| (In thousands) |
|
|
|
|
|
March 30, 2024 |
|
April 1, 2023 |
| Aerospace Segment |
|
|
|
|
|
|
|
|
Electrical Power & Motion |
|
|
|
|
|
$ |
83,124 |
|
|
$ |
53,454 |
|
Lighting & Safety |
|
|
|
|
|
41,787 |
|
|
36,553 |
|
Avionics |
|
|
|
|
|
25,594 |
|
|
29,741 |
|
Systems Certification |
|
|
|
|
|
4,448 |
|
|
5,677 |
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Structures |
|
|
|
|
|
3,107 |
|
|
2,300 |
|
Other |
|
|
|
|
|
5,578 |
|
|
7,872 |
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| Aerospace Total |
|
|
|
|
|
163,638 |
|
|
135,597 |
|
|
|
|
|
|
|
|
|
|
| Test Systems |
|
|
|
|
|
21,436 |
|
|
20,941 |
|
|
|
|
|
|
|
|
|
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| Total |
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|
|
|
|
$ |
185,074 |
|
|
$ |
156,538 |
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