Revenues

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenues

RevenuesThe 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, 2021
	Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	39,845	$	52,542	$	40,095	$	132,482
United Kingdom	3,083		16,577		752		20,412
Other Europe	25,859		39,549		2,503		67,911
Israel	22,391		994		—		23,385
Asia	36,683		15,719		7,476		59,878
Canada	—		9		13,842		13,851
	$	127,861	$	125,390	$	64,668	$	317,919

	Year Ended December 31, 2020
	Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	39,624	$	46,980	$	21,656	$	108,260
United Kingdom	3,047		19,866		229		23,142
Other Europe	29,473		23,114		2,098		54,685
Israel	21,432		384		—		21,816
Asia	27,178		10,876		5,376		43,430
Canada	—		166		18,313		18,479
	$	120,754	$	101,386	$	47,672	$	269,812

	Year Ended December 31, 2019
	Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	47,220	$	54,679	$	12,416	$	114,315
United Kingdom	2,779		26,026		402		29,207
Other Europe	31,927		26,437		1,635		59,999
Israel	12,401		415		—		12,816
Asia	27,500		11,654		5,663		44,817
Canada	—		643		22,161		22,804
	$	121,827	$	119,854	$	42,277	$	283,958

The following table disaggregates net revenue by market sector (in thousands):

	Years Ended December 31,
	2021		2020		2019
Test & Measurement	$	64,124	$	53,633	$	64,982
Avionics, Military & Space	27,303		32,607		23,653
Transportation	49,562		29,483		36,914
Other Markets	71,577		58,256		50,169
Industrial Weighing	50,626		43,441		54,678
General Industrial	16,771		15,351		20,466
Steel	37,956		37,041		33,096
	$	317,919	$	269,812	$	283,958

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, 2020	$	3,605	$	2,873
December 31, 2021	$	3,570	$	4,765
Increase ( decrease)	$	(35)	$	1,892

The amount of revenue recognized during the year ended December 31, 2021 that was included in the contract liability balance at December 31, 2020 was $2.7 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.