Revenues from Contracts with Customers

6 Months Ended

Mar. 31, 2020

Revenues from Contracts with Customers

Revenues from Contracts with Customers

Note 3.  Revenues from Contracts with Customers

Contract Balances

As of September 30, 2019 and March 31, 2020, accounts receivable with customers were $77,420 and $66,667, respectively.  Allowance for doubtful accounts as of September 30, 2019 and March 31, 2020 were $441 and $697, respectively, and are presented within accounts receivable, less allowance for doubtful accounts on the consolidated balance sheet.   

Contract liabilities are recognized when the Company has received consideration from a customer to transfer goods or services at a future point in time when the Company performs under the purchase order or contract.  As of September 30, 2019 and March 31, 2020, no contract liabilities have been recorded except for $17,829 and $16,579, respectively, for the Titanium Metals Corporation agreement, as described in Note 8 to the Condensed Consolidated Financial Statements. 

Disaggregation of Revenue

Revenue is disaggregated by end-use markets.  The following table includes a breakdown of net revenues to the markets served by the Company for the three and six months ended March 31, 2019 and 2020.

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2019		2020		2019		2020
Net revenues (dollars in thousands)
Aerospace	$	68,858	$	59,172	$	123,465	$	118,015
Chemical processing		21,761		15,832		40,681		32,544
Industrial gas turbine		13,685		16,701		27,768		30,464
Other markets		16,958		12,762		31,243		24,637
Total product revenue		121,262		104,467		223,157		205,660
Other revenue		6,212		7,096		11,386		14,356
Net revenues	$	127,474	$	111,563	$	234,543	$	220,016