REVENUE FROM CONTRACTS WITH CUSTOMERS

12 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

REVENUE FROM CONTRACTS WITH CUSTOMERS

REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregated Revenue

The Company disaggregates revenue by product area and segment as it best depicts the nature and amount of the Company’s revenue. See Note 23 of this Annual Report on Form 10-K for more information.

Contract Balances

The following table provides information about contract liability balances:

	Consolidated Balance Sheet Location	September 30, 2020		September 30, 2019
Contract liabilities (current)	Accrued expenses, income taxes payable and other current liabilities	$	8,501	$	5,008
Contract liabilities (noncurrent)	Other long-term liabilities	1,288		1,130

The amount of revenue recognized during the year ended September 30, 2020 and 2019 that was included in the opening current contract liability balances in our Performance Materials segment was $3,576 and $4,989, respectively. The amount of revenue recognized during the year ended September 30, 2020 and 2019 that was included in our opening contract liability balances in our Electronic Materials segment was not material.

Transaction Price Allocated to Remaining Performance Obligations

The table below discloses (1) the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period for contracts with an original duration of greater than one year and (2) when the Company expects to recognize this revenue.

	Less Than 1 Year		1-3 Years		3-5 Years		Total
Revenue expected to be recognized on contract liability amounts as of September 30, 2020	$	1,446	$	1,288	$	—	$	2,734