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REVENUE (Tables)
3 Months Ended
Mar. 31, 2019
REVENUE  
Schedule of significant changes in the contract assets

Significant changes in the contract assets balance during the three months ended March 31, 2019 was as follows (in thousands):

 

 

 

 

 

Outstanding at January 1, 2019

    

$

6,431

Increase (decrease) attributed to:

 

 

 

Transferred to receivables from contract assets recognized

 

 

(4,012)

Product transferred over time

 

 

6,165

Outstanding at the end of period

 

$

8,584

 

Schedule of net sales by market

The following table summarizes our net sales by market for the three months ended March 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product/ Service

 

Product

 

 

 

 

 

 

 

 

Transferred Over

 

Transferred at

 

Noncash

 

Total Net Sales

 

    

Time

    

Point in Time

    

Consideration

    

 by Market

Aerospace and Defense

 

$

4,103

 

$

20

 

$

122

 

$

4,245

Medical

 

 

14,495

 

 

35

 

 

409

 

$

14,939

Industrial

 

 

8,140

 

 

597

 

 

244

 

 

8,981

Total net sales

 

$

26,738

 

$

652

 

$

775

 

$

28,165

 

The following table summarizes our net sales by market for the three months ended March 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Product/ Service

 

Product

 

 

 

 

 

 

 

Transferred Over

 

Transferred at

 

Noncash

 

Total Net Sales 

 

    

Time

    

Point in Time

    

Consideration

    

by Market

Aerospace and Defense

 

$

4,623

 

$

48

 

$

195

 

$

4,866

Medical

 

 

9,434

 

 

482

 

 

405

 

 

10,321

Industrial

 

 

9,992

 

 

843

 

 

425

 

 

11,260

Total net sales

 

$

24,049

 

$

1,373

 

$

1,025

 

$

26,447