XML 34 R23.htm IDEA: XBRL DOCUMENT v3.23.2
REVENUE (Tables)
6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The following table illustrates the approximate percentage of revenue recognized for performance obligations satisfied over-time versus at a point-in-time for the three and six months ended June 30, 2023 and 2022:
Three Months EndedSix Months Ended
June 30,June 30,
2023202220232022
Over-time46 %53 %47 %53 %
Point-in-time54 %47 %53 %47 %
The following table presents the Corporation’s total net sales disaggregated by end market and customer type:

Total Net Sales by End Market and Customer TypeThree Months EndedSix Months Ended
June 30,June 30,
(In thousands)2023202220232022
Aerospace & Defense
Aerospace Defense$132,192 $94,545 $232,071 $192,549 
Ground Defense70,875 44,393 137,132 83,501 
Naval Defense180,956 172,786 352,912 335,753 
Commercial Aerospace82,033 68,192 152,523 129,084 
Total Aerospace & Defense$466,056 $379,916 $874,638 $740,887 
Commercial
Power & Process$131,000 $125,355 $251,338 $230,143 
General Industrial107,340 104,086 209,280 197,788 
Total Commercial$238,340 $229,441 $460,618 $427,931 
Total$704,396 $609,357 $1,335,256 $1,168,818