Revenues

6 Months Ended

Jul. 01, 2023

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 1, 2023								Fiscal quarter ended    July 2, 2022
	Sensors		Weighing Solutions		Measurement Systems		Total		Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	14,555	$	13,228	$	12,872	$	40,655	$	13,469	$	12,463	$	11,308	$	37,240
United Kingdom	911		3,724		75		4,710		933		3,859		161		4,953
Other Europe	7,951		10,350		1,236		19,537		8,024		8,820		1,117		17,961
Israel	4,131		50		—		4,181		8,050		110		—		8,160
Asia	8,718		3,909		1,494		14,121		9,804		3,207		811		13,822
Canada	—		—		7,598		7,598		—		—		6,482		6,482
Total	$	36,266	$	31,261	$	23,275	$	90,802	$	40,280	$	28,459	$	19,879	$	88,618
	Six Fiscal Months Ended July 1, 2023								Six Fiscal Months Ended July 2, 2022
	Sensors		Weighing Solutions		Measurement Systems		Total		Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	27,229	$	28,107	$	23,533	$	78,869	$	26,475	$	26,541	$	21,773	$	74,789
United Kingdom	1,726		7,833		171		9,730		1,810		8,193		459		10,462
Other Europe	17,958		20,067		4,406		42,431		15,816		19,351		2,999		38,166
Israel	8,094		126		—		8,220		15,381		300		—		15,681
Asia	17,985		6,987		3,547		28,519		18,548		6,842		1,821		27,211
Canada	—		—		11,897		11,897		—		—		9,974		9,974
Total	$	72,992	$	63,120	$	43,554	$	179,666	$	78,030	$	61,227	$	37,026	$	176,283

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

	Fiscal quarter ended				Six fiscal months ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Test & Measurement	$	18,705	$	21,483	$	37,369	$	39,456
Avionics, Military & Space	8,284		6,878		19,991		15,040
Transportation	13,031		13,195		25,503		27,149
Other Markets	18,417		18,035		37,722		39,185
Industrial Weighing	12,027		12,944		23,053		26,153
General Industrial	5,417		5,325		10,215		11,191
Steel	14,921		10,758		25,813		18,109
Total	$	90,802	$	88,618	$	179,666	$	176,283

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, 2022	$	3,990	$	7,983
Balance at July 1, 2023	4,170		8,633
Increase	$	180	$	650

The amount of revenue recognized during the six fiscal months ended July 1, 2023 that was included in the contract liability balance at December 31, 2022 was $6.2 million