Revenues from Contracts with Customers

9 Months Ended

Jun. 30, 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 June 30, 2022, accounts receivable with customers were $58,517 and $80,301, respectively. Allowance for doubtful accounts as of September 30, 2021 and June 30, 2022 were $553 and $739, 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 June 30, 2022, no contract liabilities have been recorded except for $12,829 and $10,954, respectively, for the Titanium Metals Corporation agreement, as described in Note 8 to the Condensed Consolidated Financial Statements and $1,060 and $630, 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 nine months ended June 30, 2021 and 2022.

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2021		2022		2021		2022
Net revenues
Aerospace	$	33,950	$	60,981	$	89,106	$	162,354
Chemical processing		17,010		24,180		47,334		64,480
Industrial gas turbine		17,835		23,991		48,238		63,377
Other markets		13,709		14,518		42,034		38,760
Total product revenue		82,504		123,670		226,712		328,971
Other revenue		5,639		6,495		15,671		17,680
Net revenues	$	88,143	$	130,165	$	242,383	$	346,651