Revenues

9 Months Ended

Sep. 30, 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    September 30, 2023								Fiscal quarter ended    October 1, 2022
	Sensors		Weighing Solutions		Measurement Systems		Total		Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	11,860	$	12,622	$	15,520	$	40,002	$	12,992	$	14,671	$	13,065	$	40,728
United Kingdom	1,119		4,128		90		5,337		752		4,090		55		4,897
Other Europe	7,176		9,077		703		16,956		7,740		8,714		986		17,440
Israel	4,773		89		—		4,862		7,447		101		—		7,548
Asia	7,604		3,054		2,899		13,557		8,948		3,815		2,462		15,225
Canada	—		—		5,140		5,140		—		8		4,211		4,219
Total	$	32,532	$	28,970	$	24,352	$	85,854	$	37,879	$	31,399	$	20,779	$	90,057
	Nine Fiscal Months Ended September 30, 2023								Nine Fiscal Months Ended October 1, 2022
	Sensors		Weighing Solutions		Measurement Systems		Total		Sensors		Weighing Solutions		Measurement Systems		Total
United States	$	39,089	$	40,729	$	39,053	$	118,871	$	39,467	$	41,212	$	34,838	$	115,517
United Kingdom	2,845		11,961		261		15,067		2,562		12,283		514		15,359
Other Europe	25,134		29,144		5,109		59,387		23,556		28,065		3,985		55,606
Israel	12,867		215		—		13,082		22,828		401		—		23,229
Asia	25,589		10,041		6,446		42,076		27,496		10,657		4,283		42,436
Canada	—		—		17,037		17,037		—		8		14,185		14,193
Total	$	105,524	$	92,090	$	67,906	$	265,520	$	115,909	$	92,626	$	57,805	$	266,340

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

	Fiscal quarter ended				Nine fiscal months ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Test & Measurement	$	17,080	$	20,659	$	54,449	$	60,115
Avionics, Military & Space	8,294		6,523		28,285		21,563
Transportation	15,490		13,912		40,993		41,061
Other Markets	16,402		20,110		54,124		59,295
Industrial Weighing	10,533		12,473		33,586		38,626
General Industrial	4,643		4,981		14,858		16,172
Steel	13,412		11,399		39,225		29,508
Total	$	85,854	$	90,057	$	265,520	$	266,340

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 September 30, 2023	3,449		8,766
(Decrease) increase	$	(541)	$	783

The amount of revenue recognized during the nine fiscal months ended September 30, 2023 that was included in the contract liability balance at December 31, 2022 was $7.3 million.