Revenue Recognition

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Disaggregated Revenue

The following table presents the Company’s revenue disaggregated by the major types of goods and services sold to our customers (in thousands) (See Note 20 for further information regarding net sales by market):

	Years Ended December 31,
	2025		2024		2023
Net sales of:
Products	$	591,355	$	491,382	$	391,460
Tooling and Machinery	4,501		8,320		3,468
Engineering services	6,941		4,719		5,144
Total net sales	$	602,797	$	504,421	$	400,072

Contract balances

The timing of revenue recognition may differ from the timing of invoicing to customers. When invoicing occurs prior to revenue recognition, the Company has deferred revenue (contract liabilities) included within “deferred revenue” on the consolidated balance sheet. The following table presents opening and closing balances of contract liabilities for the years ended December 31, 2025, and 2024 (in thousands):

	Contract Liabilities
	Years Ended December 31,
	2025		2024
Deferred revenue - beginning of period	$	4,667	$	6,616
Acquired in business combinations	661		8
Increases due to consideration received from customers	6,796		4,439
Revenue recognized	(7,884)		(6,396)
Deferred revenue - end of period	$	4,240	$	4,667

Revenue recognized during the years ended December 31, 2025 and 2024 from amounts included in deferred revenue at the beginning of the period was approximately $2.7 million and $4.6 million, respectively.

When invoicing occurs after revenue recognition, the Company has unbilled receivables (contract assets) included within “receivables” on the consolidated balance sheet. The following table presents opening and closing balances of contract assets for the years ended December 31, 2025 and 2024 (in thousands):

	Contract Assets
	Years Ended December 31,
	2025		2024
Unbilled Receivables - beginning of period	$	192	$	114
Increases due to revenue recognized, not invoiced to customers	4,149		2,135
Decreases due to customer invoicing	(3,950)		(2,057)
Unbilled Receivables - end of period	$	391	$	192