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Revenue (Tables)
3 Months Ended
Mar. 30, 2019
Disaggregation of Revenue from Contracts with Customers
The following tables represent a disaggregation of revenue from contracts with customers for the three months ended March 30, 2019 and March 31, 2018 along with the reportable segment for each category.
Major Products and Service Lines
 
TFE
 
Three Months Ended March 30, 2019
 
 
Three Months Ended March 31, 2018
 
 
 
(In thousands)
 
 
 
HDD
 
 
DCP
 
 
PV
 
 
Total
 
 
HDD
 
 
DCP
 
 
PV
 
 
Total
 
Systems, upgrades and spare parts
 
$
11,050
 
 
$
 
 
$
6,373
 
 
$
17,423
 
 
$
10,393
 
 
$
1
 
 
$
2
 
 
$
10,396
 
Field service
 
 
1,522
 
 
 
 
 
 
 
 
 
1,522
 
 
 
2,355
 
 
 
 
 
 
38
 
 
 
2,393
 
Total TFE net revenues
 
$
12,572
 
 
$
 
 
$
6,373
 
 
$
18,945
 
 
$
12,748
 
 
$
1
 
 
$
40
 
 
$
12,789
 
 
 
 
Three Months Ended
 
Photonics
 
March 30,

2019
 
 
March 31,

2018
 
 
 
(In thousands)
 
Products:
 
 
 
 
 
 
 
 
Military products
 
$
1,813
 
 
$
2,254
 
Commercial products
 
 
318
 
 
 
 
Repair and other services
 
 
561
 
 
 
429
 
Total Photonics product net revenues
 
 
2,692
 
 
 
2,683
 
Technology development:
 
 
 
 
 
 
 
 
Firm Fixed Price (“FFP”)
 
 
1,692
 
 
 
692
 
Cost Plus Fixed Fee (“CPFF”)
 
 
1,496
 
 
 
1,790
 
Time and materials
 
 
2
 
 
 
20
 
Total technology development net revenues
 
 
3,190
 
 
 
2,502
 
Total Photonics net revenues
 
$
5,882
 
 
$
5,185
 
Primary Geographical Markets
 
 
 
Three Months Ended
 
 
 
March 30, 2019
 
 
March 31, 2018
 
 
 
(In thousands)
 
 
 
TFE
 
 
Photonics
 
 
Total
 
 
TFE
 
 
Photonics
 
 
Total
 
United States
 
$
161
 
 
$
5,716
 
 
$
5,877
 
 
$
1,911
 
 
$
4,762
 
 
$
6,673
 
Asia
 
 
18,784
 
 
 
 
 
 
18,784
 
 
 
10,878
 
 
 
 
 
 
10,878
 
Europe
 
 
 
 
 
166
 
 
 
166
 
 
 
 
 
 
293
 
 
 
293
 
Rest of World
 
 
 
 
 
 
 
 
 
 
 
 
 
 
130
 
 
 
130
 
Total net revenues
 
$
18,945
 
 
$
5,882
 
 
$
24,827
 
 
$
12,789
 
 
$
5,185
 
 
$
17,974
 
Timing of Revenue Recognition
 
 
 
Three Months Ended
 
 
 
March 30, 2019
 
 
March 31, 2018
 
 
 
(In thousands)
 
 
 
TFE
 
 
Photonics
 
 
Total
 
 
TFE
 
 
Photonics
 
 
Total
 
Products transferred at a point in time
 
$
18,945
 
 
$
561
 
 
$
19,506
 
 
$
12,789
 
 
$
429
 
 
$
13,218
 
Products and services transferred over time
 
 
 
 
 
5,321
 
 
 
5,321
 
 
 
 
 
 
4,756
 
 
 
4,756
 
 
 
$
18,945
 
 
$
5,882
 
 
$
24,827
 
 
$
12,789
 
 
$
5,185
 
 
$
17,974
 
Changes in Contract Assets and Contract Liabilities
The following table reflects the changes in our contract assets, which we classify as accounts receivable, unbilled or retainage, and our contract liabilities, which we classify as deferred revenue and customer advances, for the three months ended March 30 2019.
 
 
 
March 30,

2019
 
 
December 29,

2018
 
 
Three Months

Change
 
 
 
(In thousands)
 
TFE:
 
 
 
 
 
 
 
 
 
 
 
 
Contract assets:
 
 
 
 
 
 
 
 
 
 
 
 
Accounts receivable, unbilled
 
$
897
 
 
$
514
 
 
$
383
 
Contract liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Deferred revenue
 
$
713
 
 
$
633
 
 
$
80
 
Customer advances
 
 
10,335
 
 
 
14,314
 
 
 
(3,979
)
 
 
$
11,048
 
 
$
14,947
 
 
$
(3,899
)
Photonics:
 
 
 
 
 
 
 
 
 
 
 
 
Contract assets:
 
 
 
 
 
 
 
 
 
 
 
 
Accounts receivable, unbilled
 
$
2,561
 
 
$
1,493
 
 
$
1,068
 
Retainage
 
 
131
 
 
 
157
 
 
 
(26
)
 
 
$
2,692
 
 
$
1,650
 
 
$
1,042
 
Contract liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Deferred revenue
 
$
784
 
 
$
1,101
 
 
$
(317
)