Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.23.2
Revenue (Tables)
 6 Months Ended
Jul. 01, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Assets and Liabilities The following table presents the beginning and ending balances of contract assets and contract liabilities during the six months ended July 1, 2023:
(In thousands) Contract Assets Contract Liabilities
Beginning Balance, January 1, 2023
 $ 27,349  $ 33,209 
Ending Balance, July 1, 2023
 $ 34,573  $ 28,260 
Schedule of Disaggregation of Revenue The following table presents our revenue disaggregated by Market Segments as follows:
Six Months Ended Three Months Ended
(In thousands) July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022
Aerospace Segment
Commercial Transport
 $ 206,292  $ 133,332  $ 112,079  $ 69,243 
Military Aircraft
 27,648  28,873  13,584  13,897 
General Aviation
 44,463  33,997  25,015  18,130 
Other
 15,576  14,482  7,704  8,020 
Aerospace Total 293,979  210,684  158,382  109,290 
Test Systems Segment
Government & Defense
 37,013  34,619  16,072  19,837 
Test Systems Total 37,013  34,619  16,072  19,837 
Total $ 330,992  $ 245,303  $ 174,454  $ 129,127 
The following table presents our revenue disaggregated by Product Lines as follows:
Six Months Ended Three Months Ended
(In thousands) July 1, 2023 July 2, 2022 July 1, 2023 July 2, 2022
Aerospace Segment
Electrical Power & Motion
 $ 121,400  $ 86,602  $ 67,946  $ 42,135 
Lighting & Safety
 78,471  60,599  41,918  31,388 
Avionics
 60,664  43,281  30,923  24,406 
Systems Certification
 13,297  2,671  7,620  1,669 
Structures
 4,571  3,049  2,271  1,672 
Other
 15,576  14,482  7,704  8,020 
Aerospace Total 293,979  210,684  158,382  109,290 
Test Systems 37,013  34,619  16,072  19,837 
Total $ 330,992  $ 245,303  $ 174,454  $ 129,127