Revenue Recognition and Contracts with Customers (Tables)

3 Months Ended

Jun. 30, 2021

Change In Contract With Customer Asset And Liability [Abstract]

Disaggregation of Revenue

The following table shows disaggregated net sales satisfied overtime and at a point in time (excluding intercompany sales) for the three months ended June 30, 2021 and 2020:

	Three Months Ended June 30,
	2021		2020
Systems & Support
Satisfied over time	$	118,981	$	103,348
Satisfied at a point in time		138,222		130,948
Revenue from contracts with customers		257,203		234,296
Amortization of acquired contract liabilities		1,202		3,719
Total revenue		258,405		238,015
Aerospace Structures
Satisfied over time	$	129,523	$	243,639
Satisfied at a point in time		8,706		6,155
Revenue from contracts with customers		138,229		249,794
Amortization of acquired contract liabilities		12		7,268
Total revenue		138,241		257,062
	$	396,646	$	495,077

The following table shows disaggregated net sales by end market (excluding intercompany sales) for the three months ended June 30, 2021 and 2020:

	Three Months Ended June 30,
	2021		2020
Systems & Support
Commercial aerospace	$	97,456	$	92,180
Military		135,807		120,384
Business jets		12,357		10,374
Regional		5,273		5,875
Non-aviation		6,310		5,483
Revenue from contracts with customers		257,203		234,296
Amortization of acquired contract liabilities		1,202		3,719
Total revenue	$	258,405	$	238,015
Aerospace Structures
Commercial aerospace	$	112,661	$	140,971
Military		13,703		38,256
Business jets		10,213		65,952
Regional		1,634		4,611
Non-aviation		18		4
Revenue from contracts with customers		138,229		249,794
Amortization of acquired contract liabilities		12		7,268
Total revenue		138,241		257,062
	$	396,646	$	495,077

Summary of Contract Assets and Liabilities Balances

Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period. The following table summarizes our contract assets and liabilities balances:

	June 30, 2021			March 31, 2021			Change
Contract assets	$	148,308		$	139,937		$	8,371
Contract liabilities		(240,080	)		(305,116	)		65,036
Net contract liability	$	(91,772	)	$	(165,179	)	$	73,407

Schedule of Performance Obligations that are Expected to Be Recognized in Future

As of June 30, 2021, the Company has the following unsatisfied, or partially unsatisfied, performance obligations that are expected to be recognized in the future as noted in the table below. The Company expects options to be exercised in addition to the amounts presented below.

	Total		Less than 1 year		1-3 years		4-5 years		More than 5 years
Unsatisfied performance obligations	$	1,753,009	$	1,040,320	$	681,418	$	15,462	$	15,809