Revenues from Contracts with Customers

9 Months Ended

Jun. 30, 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 June 30, 2020, accounts receivable with customers were $77,420 and $52,887, respectively. Allowance for doubtful accounts as of September 30, 2019 and June 30, 2020 were $441 and $602, 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 June 30, 2020, no contract liabilities have been recorded except for $17,829 and $15,954, 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 nine months ended June 30, 2019 and 2020.

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2019		2020		2019		2020
Net revenues (dollars in thousands)
Aerospace	$	66,321	$	40,375	$	189,786	$	158,390
Chemical processing		21,197		12,143		61,878		44,687
Industrial gas turbine		15,870		13,673		43,638		44,137
Other markets		15,666		11,203		46,909		35,840
Total product revenue		119,054		77,394		342,211		283,054
Other revenue		6,978		3,182		18,364		17,538
Net revenues	$	126,032	$	80,576	$	360,575	$	300,592