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Revenues
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenues
Revenues
The following table disaggregates net revenue by geographic region from contracts with customers based on net revenues generated by subsidiaries within that geographic location (in thousands):
 
Year Ended December 31, 2019
 
Foil Technology
Products
 
Force
Sensors
 
Weighing and
Control Systems
 
Total
United States
$
56,393

 
$
33,695

 
$
24,227

 
$
114,315

United Kingdom
3,181

 
10,450

 
15,576

 
29,207

Other Europe
32,328

 
10,811

 
16,860

 
59,999

Israel
12,401

 
415

 

 
12,816

Asia
27,500

 
8,986

 
8,331

 
44,817

Canada

 

 
22,804

 
22,804

 
$
131,803

 
$
64,357

 
$
87,798

 
$
283,958


 
Year Ended December 31, 2018
 
Foil Technology
Products
 
Force
Sensors
 
Weighing and
Control Systems
 
Total
United States
$
61,132

 
$
39,955

 
$
23,818

 
$
124,905

United Kingdom
3,666

 
11,787

 
14,296

 
29,749

Other Europe
31,431

 
10,678

 
18,741

 
60,850

Israel
11,028

 
517

 

 
11,545

Asia
33,752

 
10,249

 
7,442

 
51,443

Canada

 

 
21,302

 
21,302

 
$
141,009

 
$
73,186

 
$
85,599

 
$
299,794


 
Year Ended December 31, 2017
 
Foil Technology
Products
 
Force
Sensors
 
Weighing and
Control Systems
 
Total
United States
$
52,032

 
$
34,108

 
$
19,523

 
$
105,663

United Kingdom
3,173

 
12,187

 
11,127

 
26,487

Other Europe
26,322

 
8,793

 
17,312

 
52,427

Israel
6,673

 
635

 

 
7,308

Asia
28,073

 
9,723

 
7,288

 
45,084

Canada

 

 
17,381

 
17,381

 
$
116,273

 
$
65,446

 
$
72,631

 
$
254,350


The following table disaggregates net revenue by market sector(in thousands):
 
Years Ended December 31,
 
2019
 
2018
 
2017
 
Test & Measurement
$
69,594

 
$
76,735

 
$
64,798

 
Avionics, Military & Space
23,975

 
26,743

 
22,378

 
Medical
10,863

 
9,868

 
8,769

 
Precision Weighing
91,001

 
93,734

 
81,439

 
Force Measurement
55,648

 
66,551

 
53,503

 
Steel
32,877

 
26,163

 
23,463

 
 
$
283,958

 
$
299,794

 
$
254,350

 


Contract Assets & Liabilities

Contract assets are established when revenues are recognized prior to a contractual payment due from the customer. When a payment becomes due based on the contract terms, the Company will reduce the contract asset and record a receivable. Contract liabilities are deferred revenues that are recorded when cash payments are received or due in advance of our performance obligations. Our payment terms vary by the type and location of the products offered. The term between invoicing and when payment is due is not significant.

The outstanding contract assets and liability accounts were as follows (in thousands):
 
Contract Asset
 
Contract Liability
 
Unbilled Revenue
 
Accrued Customer Advances
December 31, 2018
$
964

 
$
5,328

December 31, 2019
$
3,937

 
$
4,561

Increase ( decrease)
$
2,973

 
$
(767
)


Included in the contract asset at December 31, 2019 is $2.1 million attributable to the acquisition of DSI. The amount of revenue recognized during the year ended December 31, 2019 that was included in the contract liability balance at December 31, 2018 was $5.1 million.

Practical Expedients

The Company does not disclose the value of unsatisfied performance obligations for contracts that have a duration of one year or less and for contracts that are substantially complete. The Company treats shipping and handling activities as fulfillment costs.