Revenue and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2020

Disaggregation of Revenue [Line Items]

Disaggregation of Revenue [Table Text Block]

	For the year ended December 31,
	2020		2019		2018
In thousands
Defense	$	180,400	$	178,289	$	190,264
Safe and Arm Devices	248,482		227,846		195,751
Commercial, Business, & General Aviation	220,263		280,987		274,835
Medical	70,010		28,652		28,962
Industrial & Other	65,304		45,834		46,182
Total revenue(1)(2)(3)	$	784,459	$	761,608	$	735,994

(1) Service revenue was not material for the years ended December 31, 2020, 2019 and 2018.

(2) Sales of the Company's formerly owned Distribution business were included in earnings from discontinued operations, net of tax, on the Company's Consolidated Statements of Operations in the years ended December 31, 2019 and 2018. See Note 2, Discontinued Operations and Liabilities Held for Sale, for further information on the Company's sale of the Distribution business.

(3) Net sales under contracts with USG agencies (including sales to foreign governments through foreign military sales contracts with USG agencies) totaled $220.8 million, $244.3 million and $281.3 million in 2020, 2019 and 2018, respectively, and represent direct and indirect sales to the USG and related agencies.

4. REVENUE AND GEOGRAPHIC INFORMATION (CONTINUED)

Disaggregation of Revenue - continued

The following table illustrates the approximate percentage of revenue recognized by product types.

	For the year ended December 31,
	2020		2019		2018
Original Equipment Manufacturer	56	%	58	%	56	%
Aftermarket	12	%	12	%	17	%
Safe and Arm Devices	32	%	30	%	27	%
Total revenue	100	%	100	%	100	%

The following table illustrates the approximate percentage of revenue recognized for performance obligations satisfied over time versus the amount of revenue recognized for performance obligations satisfied at a point in time:

	For the year ended December 31,
	2020		2019		2018
Revenue recognized for performance obligations satisfied:
Over time	31	%	39	%	48	%
Point-in-time	69	%	61	%	52	%
Total revenue	100	%	100	%	100	%

The timing related to the satisfaction of performance obligations and the typical timing of payment could vary between military, safe and arm devices and commercial contracts. For military and safe and arm device contracts with the USG, payment terms typically include progress payments, and the satisfaction of these performance obligations does not vary significantly from timing of payment. For firm-fixed price military and safe and arm device contracts with foreign militaries, the satisfaction of performance obligations could occur at a point in time or over time, depending on the nature of the performance obligations and the right to payment terms in the contracts. Generally, payment terms for these types of contracts range from 30 to 60 days from delivery; however, at times, the Company may negotiate advance payments to cover a portion of the initial costs. Payment terms for firm-fixed price commercial contracts generally range from 30 to 90 days from delivery. The satisfaction of these performance obligations could occur at a point in time or over time, depending on the nature of the performance obligations and the right to payment terms in the contracts. For certain commercial contracts, the Company may negotiate advance payments for long-lead materials.

Geographic Information

Sales are attributed to geographic regions based on the location to which the product is shipped. Geographic distribution of sales recorded is as follows:

	For the year ended December 31,
	2020		2019		2018
In thousands
North America	$	412,025	$	438,638	$	485,856
Europe	148,473		164,921		167,176
Middle East	170,835		114,110		51,565
Asia	34,424		19,326		16,998
Oceania	11,156		14,598		8,739
Other	7,546		10,015		5,660
Total revenue	$	784,459	$	761,608	$	735,994

Long-lived Assets by Geographic Areas [Table Text Block]

Geographic distribution of long-lived assets is as follows:

	At December 31,
	2020		2019
In thousands
United States	$	493,490	$	249,935
Germany	167,939		157,504
United Kingdom(1)	—		32,834
Czech Republic	5,747		5,753
Mexico	796		1,189
Netherlands	339		—
Switzerland	235		—
Hong Kong	64		—
Total long-lived assets(2)	$	668,610	$	447,215

(1) As a result of the estimated fair value of the UK Composites business being lower than its estimated carrying value, the assets were considered impaired and written off in the year ended December 31, 2020. Refer to Note 2, Discontinued Operations and Liabilities Held for Sale, for further information on the sale of the UK Composites business.

(2) For the purpose of this disclosure the Company excluded deferred tax assets of $39.8 million and $35.2 million as of December 31, 2020 and 2019, respectively.