XML 34 R22.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue From Contracts With Customers
 9 Months Ended
Oct. 02, 2020
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregated Revenue
In general, the Company’s business segmentation is aligned according to the nature and economic characteristics of its products and customer relationships and provides meaningful disaggregation of each business segment’s results of operations. For a summary by disaggregated product line sales for each segment, refer to Note 14, “Segment Information.”
Revenue recognized from products and services transferred to customers over time for the three and nine months ended October 2, 2020 represented 30% and 29%, respectively, of total revenue. Revenue recognized from products and services transferred to customers over time for the three and nine months ended September 27, 2019 represented 10% and 11%, respectively, of total revenue. All revenue recognized from products and services transferred to customers over time during the periods presented was within the Medical segment.
The following table presents revenues by significant customers, which are defined as any customer who individually represents 10% or more of a segment’s total revenues.
Three Months Ended
October 2, 2020September 27, 2019
CustomerMedical Non-Medical Medical Non-Medical
Customer A16%*20%*
Customer B17%*18%*
Customer C17%*13%*
Customer D*25%*22%
Customer F*11%**
Customer G***12%
All other customers50%64%49%66%

Nine Months Ended
October 2, 2020September 27, 2019
CustomerMedicalNon-MedicalMedicalNon-Medical
Customer A20%*22%*
Customer B16%*18%*
Customer C15%*12%*
Customer D*22%*24%
Customer E*11%**
All other customers49%67%48%76%
__________
* Less than 10% of segment’s total revenues for the period.

The following tables present revenues by significant ship to location, which is defined as any country where 10% or more of a segment’s total revenues are shipped.
Three Months Ended
October 2, 2020September 27, 2019
Ship to LocationMedical Non-Medical Medical Non-Medical
United States58%66%55%61%
South Korea*11%**
Puerto Rico**11%*
Canada***12%
All other countries42%23%34%27%
(15.)    REVENUE FROM CONTRACTS WITH CUSTOMERS (Continued)

Nine Months Ended
October 2, 2020September 27, 2019
Ship to LocationMedicalNon-MedicalMedicalNon-Medical
United States56%54%56%58%
Canada*11%*13%
United Kingdom*10%**
Puerto Rico**13%*
All other countries44%25%31%29%
__________
* Less than 10% of segment’s total revenues for the period.
Contract Balances
The opening and closing balances of the Company’s contract assets and contract liabilities are as follows (in thousands):
October 2,
2020		December 31,
2019
Contract assets$39,593 $24,767 
Contract liabilities included in accrued expenses and other current liabilities1,927 1,975 
Contract assets at October 2, 2020, increased $14.8 million from December 31, 2019, due to a new contract with a customer where control is transferred over time. During the three and nine months ended October 2, 2020, the Company recognized $0.2 million and $1.3 million, respectively, of revenue that was included in the contract liability balance as of December 31, 2019. During the three and nine months ended September 27, 2019, the Company recognized $0.4 million and $0.8 million, respectively, of revenue that was included in the contract liability balance as of December 28, 2018.