Revenues

6 Months Ended

Jul. 02, 2022

Revenue from Contract with Customer [Abstract]

Revenues

Revenues

Revenue Recognition

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):

	Fiscal quarter ended    July 2, 2022								Fiscal quarter ended    July 3, 2021
	Sensors		Weighing Solutions		Measurement Systems		Total		Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	13,469	$	12,463	$	11,308	$	37,240	$	9,437	$	12,932	$	7,226	$	29,595
United Kingdom	933		3,859		161		4,953		744		4,195		358		5,297
Other Europe	8,024		8,820		1,117		17,961		6,396		9,897		534		16,827
Israel	8,050		110		—		8,160		5,284		261		—		5,545
Asia	9,804		3,207		811		13,822		9,315		4,390		1,027		14,732
Canada	—		—		6,482		6,482		—		—		3,343		3,343
Total	$	40,280	$	28,459	$	19,879	$	88,618	$	31,176	$	31,675	$	12,488	$	75,339
	Six Fiscal Months Ended July 2, 2022								Six Fiscal Months Ended July 3, 2021
	Sensors		Weighing Solutions		Measurement Systems		Total		Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	26,475	$	26,541	$	21,773	$	74,789	$	19,143	$	25,512	$	10,857	$	55,512
United Kingdom	1,810		8,193		459		10,462		1,604		8,775		396		10,775
Other Europe	15,816		19,351		2,999		38,166		13,577		19,830		722		34,129
Israel	15,381		300		—		15,681		11,725		391		—		12,116
Asia	18,548		6,842		1,821		27,211		16,942		8,126		1,882		26,950
Canada	—		—		9,974		9,974		—		9		6,437		6,446
Total	$	78,030	$	61,227	$	37,026	$	176,283	$	62,991	$	62,643	$	20,294	$	145,928

The following table disaggregates net revenue from contracts with customers by market sector (in thousands).

	Fiscal quarter ended				Six fiscal months ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Test & Measurement	$	21,483	$	16,279	$	39,456	$	30,695
Avionics, Military & Space	6,878		5,872		15,040		11,902
Transportation	13,195		11,930		27,149		21,484
Other Markets	18,035		17,489		39,185		35,034
Industrial Weighing	12,944		12,042		26,153		24,047
General Industrial	5,325		4,173		11,191		8,255
Steel	10,758		7,554		18,109		14,511
Total	$	88,618	$	75,339	$	176,283	$	145,928

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
Balance at December 31, 2021	$	3,570	$	4,765
Balance at July 2, 2022	2,416		8,407
(Decrease)/increase	$	(1,154)	$	3,642

The amount of revenue recognized during the six fiscal months ended July 2, 2022 that was included in the contract liability balance at December 31, 2021 was $2.7 million.