XML 49 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1
REVENUE (Tables)
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Summary of Contract Assets and Liabilities The following table presents the beginning and ending balances of contract assets and contract liabilities:
(In thousands)Contract AssetsContract Liabilities
Beginning Balance, January 1, 2023
$27,349 $33,209 
Ending Balance, December 31, 2023
$46,321 $22,888 
Summary of Disaggregation of Revenue
The following table presents our revenue disaggregated by Market Segments as of December 31 as follows:
(In thousands)202320222021
Aerospace Segment
Commercial Transport
$432,199 $314,564 $201,990 
Military Aircraft
61,617 54,534 70,312 
General Aviation
80,842 63,395 56,673 
Other
30,172 28,703 36,263 
Aerospace Total604,830 461,196 365,238 
Test Systems Segment
Government & Defense
84,376 73,698 79,670 
Test Systems Total84,376 73,698 79,670 
Total$689,206 $534,894 $444,908 
The following table presents our revenue disaggregated by Product Lines as of December 31 as follows:
(In thousands)202320222021
Aerospace Segment
Electrical Power & Motion
$268,049 $187,446 $141,746 
Lighting & Safety
157,434 124,347 103,749 
Avionics
113,117 97,234 64,901 
Systems Certification
26,255 17,222 13,050 
Structures
9,803 6,244 5,529 
Other
30,172 28,703 36,263 
Aerospace Total604,830 461,196 365,238 
Test Systems84,376 73,698 79,670 
Total$689,206 $534,894 $444,908