Revenue Recognition and Contracts with Customers (Tables)

6 Months Ended

Sep. 30, 2020

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 and six months ended September 30, 2020 and 2019:

	Three Months Ended September 30,				Six Months Ended September 30,
	2020		2019		2020		2019
Systems & Support
Satisfied over time	$	102,807	$	139,354	$	206,155	$	268,596
Satisfied at a point in time		147,286		202,431		278,234		377,831
Revenue from contracts with customers		250,093		341,785		484,389		646,427
Amortization of acquired contract liabilities		3,544		9,624		7,263		17,749
Total revenue		253,637		351,409		491,652		664,176
Aerospace Structures
Satisfied over time	$	204,180	$	372,247	$	447,819	$	744,484
Satisfied at a point in time		10,379		35,462		16,534		71,874
Revenue from contracts with customers		214,559		407,709		464,353		816,358
Amortization of acquired contract liabilities		13,619		12,992		20,887		21,807
Total revenue		228,178		420,701		485,240		838,165
	$	481,815	$	772,110	$	976,892	$	1,502,341

The following table shows disaggregated net sales by end market (excluding intercompany sales) for the three and six months ended September 30, 2020 and 2019:

	Three Months Ended September 30,				Six Months Ended September 30,
	2020		2019		2020		2019
Systems & Support
Commercial aerospace	$	95,393	$	194,266	$	187,573	$	369,585
Military		131,120		108,516		251,504		203,874
Business jets		8,708		18,357		19,082		34,503
Regional		7,112		11,751		12,987		22,124
Non-aviation		7,760		8,895		13,243		16,341
Revenue from contracts with customers		250,093		341,785		484,389		646,427
Amortization of acquired contract liabilities		3,544		9,624		7,263		17,749
Total revenue	$	253,637	$	351,409	$	491,652	$	664,176
Aerospace Structures
Commercial aerospace	$	121,550	$	242,888	$	262,521	$	472,529
Military		35,438		28,778		73,694		56,378
Business jets		54,150		110,660		120,102		231,809
Regional		3,414		25,377		8,025		55,632
Non-aviation		7		6		11		10
Revenue from contracts with customers		214,559		407,709		464,353		816,358
Amortization of acquired contract liabilities		13,619		12,992		20,887		21,807
Total revenue		228,178		420,701		485,240		838,165
	$	481,815	$	772,110	$	976,892	$	1,502,341

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:

	September 30, 2020			March 31, 2020			Change
Contract assets	$	209,424		$	267,079		$	(57,655	)
Contract liabilities		(301,190	)		(386,585	)		85,395
Net contract liability	$	(91,766	)	$	(119,506	)	$	27,740

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

As of September 30, 2020, 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	$	2,530,752	$	1,293,579	$	1,159,122	$	77,448	$	603