Revenues

12 Months Ended

Dec. 31, 2022

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, 2022
	Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	51,246	$	58,076	$	52,435	$	161,757
United Kingdom	3,481		15,697		572		19,750
Other Europe	31,938		37,490		5,168		74,596
Israel	28,413		470		—		28,883
Asia	37,143		13,974		7,537		58,654
Canada	—		8		18,932		18,940
	$	152,221	$	125,715	$	84,644	$	362,580

	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

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

	Years Ended December 31,
	2022		2021		2020
Test & Measurement	$	78,406	$	64,124	$	53,633
Avionics, Military & Space	31,399		27,303		32,607
Transportation	55,892		49,562		29,483
Other Markets	79,750		71,577		58,256
Industrial Weighing	52,109		50,626		43,441
General Industrial	21,179		16,771		15,351
Steel	43,845		37,956		37,041
	$	362,580	$	317,919	$	269,812

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, 2021	$	3,570	$	4,765
December 31, 2022	$	3,990	$	7,983
Increase	$	420	$	3,218

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