XML 50 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Customer Concentration
9 Months Ended
Sep. 30, 2014
Risks and Uncertainties [Abstract]  
Customer Concentration
Customer Concentration

Direct sales, through both of the Company’s business segments, to our largest customer, Spirit Aerosystems (“Spirit”), accounted for 34.4% and 28.4% of the Company’s total revenues for the three months ended September 30, 2014 and 2013, respectively. Direct sales to Spirit accounted for 33.7% and 28.8% of the Company's total revenues for the nine months ended September 30, 2014 and 2013, respectively. Accounts receivable balances related to Spirit were 33.1% and 27.8% of the Company’s total accounts receivable balance at September 30, 2014 and December 31, 2013, respectively.

Direct sales, through both of the Company’s business segments, to our second largest customer, Gulfstream Aerospace Corporation, a General Dynamics company (“Gulfstream”), accounted for 14.3% and 10.9% of the Company’s total revenues for the three months ended September 30, 2014 and 2013, respectively. Direct sales to Gulfstream accounted for 15.3% and 14.8% of the Company's total revenues for the nine months ended September 30, 2014 and 2013, respectively.  Accounts receivable balances related to Gulfstream were 11.6% and 8.5% of the Company’s total accounts receivable balance at September 30, 2014 and December 31, 2013, respectively.

Direct sales, through both of the Company’s business segments, to our third largest customer, The Boeing Company (“Boeing”), accounted for 10.0% and 12.8% of the Company’s total revenues for the three months ended September 30, 2014 and 2013, respectively. Direct sales to Boeing accounted for 10.9% and 15.2% of the Company's total revenues for the nine months ended September 30, 2014 and 2013, respectively.  Accounts receivable balances resulting from direct sales to Boeing were 5.7% and 5.7% of the Company’s total accounts receivable balance at September 30, 2014 and December 31, 2013, respectively.