Revenues from Contracts with Customers

6 Months Ended

Mar. 31, 2022

Revenues from Contracts with Customers

Revenues from Contracts with Customers

Note 3.  Revenues from Contracts with Customers

Contract Balances

As of September 30, 2021 and March 31, 2022, accounts receivable with customers were $58,517 and $75,969, respectively. Allowance for doubtful accounts as of September 30, 2021 and March 31, 2022 were $553 and $618, 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, 2021 and March 31, 2022, no contract liabilities have been recorded except for $12,829 and $11,579, respectively, for the Titanium Metals Corporation agreement, as described in Note 8 to the Condensed Consolidated Financial Statements and $1,060 and $610, respectively, for accrued product returns.

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, 2021 and 2022.

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2021		2022		2021		2022
Net revenues
Aerospace	$	30,601	$	52,918	$	55,156	$	101,373
Chemical processing		15,068		22,850		30,324		40,300
Industrial gas turbine		16,436		24,788		30,403		39,386
Other markets		15,546		9,755		28,325		24,242
Total product revenue		77,651		110,311		144,208		205,301
Other revenue		4,412		6,745		10,032		11,185
Net revenues	$	82,063	$	117,056	$	154,240	$	216,486