Revenues

9 Months Ended

Oct. 01, 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    October 1, 2022								Fiscal quarter ended    October 2, 2021
	Sensors		Weighing Solutions		Measurement Systems		Total		Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	12,992	$	14,671	$	13,065	$	40,728	$	9,640	$	12,729	$	13,914	$	36,283
United Kingdom	752		4,090		55		4,897		746		4,366		129		5,241
Other Europe	7,740		8,714		986		17,440		6,063		9,681		1,194		16,938
Israel	7,447		101		—		7,548		4,711		232		—		4,943
Asia	8,948		3,815		2,462		15,225		9,561		3,668		1,933		15,162
Canada	—		8		4,211		4,219		—		—		3,407		3,407
Total	$	37,879	$	31,399	$	20,779	$	90,057	$	30,721	$	30,676	$	20,577	$	81,974
	Nine Fiscal Months Ended October 1, 2022								Nine Fiscal Months Ended October 2, 2021
	Sensors		Weighing Solutions		Measurement Systems		Total		Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	39,467	$	41,212	$	34,838	$	115,517	$	28,783	$	38,241	$	24,771	$	91,795
United Kingdom	2,562		12,283		514		15,359		2,350		13,141		525		16,016
Other Europe	23,556		28,065		3,985		55,606		19,640		29,511		1,916		51,067
Israel	22,828		401		—		23,229		16,436		623		—		17,059
Asia	27,496		10,657		4,283		42,436		26,503		11,794		3,815		42,112
Canada	—		8		14,185		14,193		—		9		9,844		9,853
Total	$	115,909	$	92,626	$	57,805	$	266,340	$	93,712	$	93,319	$	40,871	$	227,902

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

	Fiscal quarter ended				Nine fiscal months ended
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Test & Measurement	$	20,659	$	15,883	$	60,115	$	46,578
Avionics, Military & Space	6,523		7,542		21,563		19,444
Transportation	13,912		13,668		41,061		35,152
Other Markets	20,110		17,453		59,295		52,487
Industrial Weighing	12,473		12,254		38,626		36,301
General Industrial	4,981		4,069		16,172		12,324
Steel	11,399		11,105		29,508		25,616
Total	$	90,057	$	81,974	$	266,340	$	227,902

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 October 1, 2022	3,621		8,867
Increase	$	51	$	4,102

The amount of revenue recognized during the nine fiscal months ended October 1, 2022 that was included in the contract liability balance at December 31, 2021 was $3.2 million.