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2. Revenue

3 Months Ended

Mar. 29, 2019

2. REVENUE

Disaggregation of Revenue

In the following tables, revenue reported for the periods presented is disaggregated by primary geographical market, major product line, timing of revenue recognition and product application.

Three months ended March 29, 2019
Product Application	Planetarium Theaters	Other Visitor Attractions	Architectural Treatments	Total

Primary geographic area:

North America	`$4,179`	`$215`	`$76`	`$4,470`
Europe	`1,373`	`316`	`-`	`1,689`
Asia	`485`	`38`	`-`	`523`
Other	`483`	`-`	`-`	`483`
	`$6,520`	`$569`	`$76`	`$7,165`

Products:

Audio-Visual Systems	`$4,396`	`$151`	`$-`	`$4,547`
Domes	`801`	`418`	`76`	`1,295`
Show Content	`771`	`-`	`-`	`771`
Maintenance and Service	`552`	`-`	`-`	`552`
	`$6,520`	`$569`	`$76`	`$7,165`

Timing of revenue recognition:

Goods transferred at point in time	`$816`	`$-`	`$-`	`$816`
Goods and services transferred over time	`5,704`	`569`	`76`	`6,349`
	`$6,520`	`$569`	`$76`	`$7,165`

Three months ended March 30, 2018
Product Application	Planetarium Theaters	Other Visitor Attractions	Architectural Treatments	Total

Primary geographic area:

North America	`$3,133`	`$120`	`$360`	`$3,613`
Europe	`333`	`11`	`-`	`344`
Asia	`2,456`	`847`	`-`	`3,303`
Other	`321`	`-`	`-`	`321`
	`$6,243`	`$978`	`$360`	`$7,581`

Products:

Audio-Visual Systems	`$3,986`	`$11`	`$-`	`$3,997`
Domes	`1,375`	`967`	`360`	`2,702`
Show Content	`326`	`-`	`-`	`326`
Maintenance and Service	`556`	`-`	`-`	`556`
	`$6,243`	`$978`	`$360`	`$7,581`

Timing of revenue recognition:

Goods transferred at point in time	`$481`	`$-`	`$-`	`$481`
Goods and services transferred over time	`5,762`	`978`	`360`	`7,100`
	`$6,243`	`$978`	`$360`	`$7,581`

Contract Balances

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of March 29, 2019:

	March 29, 2019	December 31, 2018

Receivables reported as accounts receivable, net	`$3,794`	`$3,250`
Contract revenue in excess of billings	`2,525`	`3,484`
Billings in excess of contract revenue	`4,414`	`5,959`

Significant changes in the contract assets and the contract liabilities balances during the period are as follows:

	Contract Assets	Contract Liabilities

Revenue recognized that was included in the contract liability balance at the beginning of the period		`$(3,265)`

Increases due to amounts billed to customers, excluding amounts recognized as revenue during the period		$ 1,720

Transferred to receivables from contract assets recognized at the beginning of the period	`$ (1,343)`

Increases as a result of revenue recognized, excluding amounts transferred to receivables during the period	$ 384

Contract assets arise when revenue recognized on a contract exceeds the cumulative progress billings. Contracts generally provide for an enforceable right to payment for performance completed to date but do not necessarily have a present right to consideration payment for performance completed until the event that triggers the progress billing. The contract assets are transferred to the receivables when the rights to payment occur and amounts are billed. Contract liabilities arise when progress billings on a contract exceed the revenue recognized. Contract liabilities are relieved as the performance obligation is completed and revenue is recognized. Progress billings vary among contracts and can be triggered by chronological milestones, performance events or other various measurements of performance.

Backlog of Remaining Customer Performance Obligations

The following table includes estimated revenue expected to be recognized and recorded as sales in the future from the backlog of performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period.

	Remainder of 2019	2020	2021	2022	2023

Sales	`$14,233`	`$535`	`$256`	`$54`	`$50`