Revenues from Contracts with Customers

6 Months Ended

Mar. 31, 2021

Revenues from Contracts with Customers

Revenues from Contracts with Customers

Note 3.  Revenues from Contracts with Customers

Contract Balances

As of September 30, 2020 and March 31, 2021, accounts receivable with customers were $51,663 and $46,625, respectively. Allowance for doubtful accounts as of September 30, 2020 and March 31, 2021 were $545 and $528, 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, 2020 and March 31, 2021, no contract liabilities have been recorded except for $15,329 and $14,079, respectively, for the Titanium Metals Corporation agreement, as described in Note 8 to the Condensed Consolidated Financial Statements and $1,200 and $1,000 for accrued product returns respectively.

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, 2020 and 2021.

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2020		2021		2020		2021
Net revenues (dollars in thousands)
Aerospace	$	59,172	$	30,601	$	118,015	$	55,156
Chemical processing		15,832		15,068		32,544		30,324
Industrial gas turbine		16,701		16,436		30,464		30,403
Other markets		12,762		15,546		24,637		28,325
Total product revenue		104,467		77,651		205,660		144,208
Other revenue		7,096		4,412		14,356		10,032
Net revenues	$	111,563	$	82,063	$	220,016	$	154,240