Revenue Recognition and Contracts with Customers (Tables)

9 Months Ended

Dec. 31, 2021

Change in Contract with Customer, Asset and Liability [Abstract]

Disaggregation of Revenue

The following table shows disaggregated net sales satisfied overtime and at a point in time (excluding intercompany sales) for the three and nine months ended December 31, 2021 and 2020:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Systems & Support
Satisfied over time	$	108,343	$	118,813	$	342,007	$	324,968
Satisfied at a point in time		127,000		140,519		397,804		418,753
Revenue from contracts with customers		235,343		259,332		739,811		743,721
Amortization of acquired contract liabilities		938		4,306		3,633		11,569
Total revenue		236,281		263,638		743,444		755,290
Aerospace Structures
Satisfied over time	$	81,511	$	148,526	$	308,667	$	596,145
Satisfied at a point in time		1,457		11,269		21,168		28,003
Revenue from contracts with customers		82,968		159,795		329,835		624,148
Amortization of acquired contract liabilities		—		2,561		12		23,448
Total revenue		82,968		162,356		329,847		647,596
	$	319,249	$	425,994	$	1,073,291	$	1,402,886

The following table shows disaggregated net sales by end market (excluding intercompany sales) for the three and nine months ended December 31, 2021 and 2020:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2021		2020		2021		2020
Systems & Support
Commercial aerospace	$	99,762	$	92,529	$	290,347	$	280,102
Military		113,343		145,168		375,671		396,672
Business jets		11,148		7,802		34,026		26,884
Regional		5,706		5,231		16,294		18,218
Non-aviation		5,384		8,602		23,473		21,845
Revenue from contracts with customers		235,343		259,332		739,811		743,721
Amortization of acquired contract liabilities		938		4,306		3,633		11,569
Total revenue	$	236,281	$	263,638	$	743,444	$	755,290
Aerospace Structures
Commercial aerospace	$	75,624	$	109,929	$	288,153	$	372,249
Military		454		31,670		15,367		105,365
Business jets		5,078		18,039		21,588		138,141
Regional		1,544		—		4,441		8,025
Non-aviation		268		157		286		368
Revenue from contracts with customers		82,968		159,795		329,835		624,148
Amortization of acquired contract liabilities		—		2,561		12		23,448
Total revenue		82,968		162,356		329,847		647,596
	$	319,249	$	425,994	$	1,073,291	$	1,402,886

Summary of Contract Assets and Liabilities Balances

Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period. The following table summarizes the Company's contract assets and liabilities balances:

	December 31, 2021			March 31, 2021			Change
Contract assets	$	155,284		$	139,937		$	15,347
Contract liabilities		(186,972	)		(305,116	)		118,144
Net contract liability	$	(31,688	)	$	(165,179	)	$	133,491

Schedule of Performance Obligations that are Expected to Be Recognized in Future

As of December 31, 2021, the Company has the following unsatisfied, or partially unsatisfied, performance obligations that are expected to be recognized in the future as noted in the table below. The Company expects options to be exercised in addition to the amounts presented below.

	Total		Less than 1 year		1-3 years		4-5 years		More than 5 years
Unsatisfied performance obligations	$	1,853,956	$	1,085,257	$	750,259	$	18,311	$	129