Annual report pursuant to Section 13 and 15(d)

REVENUE (Tables)

v3.22.4
REVENUE (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Summary of Contract Assets and Liabilities The following table presents the beginning and ending balances of contract assets and contract liabilities:
(In thousands) Contract Assets Contract Liabilities
Beginning Balance, January 1, 2022
 $ 25,941  $ 28,495 
Ending Balance, December 31, 2022
 $ 27,349  $ 33,209 
Summary of Disaggregation of Revenue The following table presents our revenue disaggregated by Market Segments as of December 31 as follows:
(In thousands) 2022 2021 2020
Aerospace Segment
Commercial Transport
 $ 314,564  $ 201,990  $ 262,636 
Military
 54,534  70,312  67,944 
General Aviation
 63,395  56,673  60,437 
Other
 28,703  36,263  26,971 
Aerospace Total 461,196  365,238  417,988 
Test Systems Segment
Semiconductor
 —  —  3,483 
Aerospace & Defense
 73,698  79,670  81,116 
Test Systems Total 73,698  79,670  84,599 
Total $ 534,894  $ 444,908  $ 502,587 
The following table presents our revenue disaggregated by Product Lines as of December 31 as follows:
(In thousands) 2022 2021 2020
Aerospace Segment
Electrical Power & Motion
 $ 187,446  $ 141,746  $ 179,245 
Lighting & Safety
 124,347  103,749  118,928 
Avionics
 97,234  64,901  76,113 
Systems Certification
 17,222  13,050  6,899 
Structures
 6,244  5,529  9,832 
Other
 28,703  36,263  26,971 
Aerospace Total 461,196  365,238  417,988 
Test Systems 73,698  79,670  84,599 
Total $ 534,894  $ 444,908  $ 502,587