REVENUE RECOGNITION (Tables)

9 Months Ended

Jul. 02, 2021

REVENUE RECOGNITION

Schedule of Net Sales from Contracts with Customers by Market Sector

The table below shows net sales from contracts with customers by market sector. See additional information regarding market sectors in Note 10—Market Sectors and Major Customers.

	Three Months Ended
	July 2, 2021						June 26, 2020
	Point in Time		Over Time		Net Sales		Point in Time		Over Time		Net Sales
(in thousands)
Aerospace & Defense	$	11,177	$	26,344	$	37,521	$	14,263	$	13,682	$	27,945
Medical		5,124		1,788		6,912		4,886		8,376		13,262
Industrial		3,987		950		4,937		5,207		950		6,157
	$	20,288	$	29,082	$	49,370	$	24,356	$	23,008	$	47,364

	Nine Months Ended
	July 2, 2021						June 26, 2020
	Point in Time		Over Time		Net Sales		Point in Time		Over Time		Net Sales
(in thousands)
Aerospace & Defense	$	35,880	$	62,246	$	98,126	$	40,639	$	41,122	$	81,761
Medical		16,933		11,509		28,442		12,618		22,812		35,430
Industrial		13,288		2,355		15,643		15,419		3,659		19,078
	$	66,101	$	76,110	$	142,211	$	68,676	$	67,593	$	136,269

Schedule of Changes in Customer Deposits Due to the Adoption of Topic 606

Customer deposits are recorded when cash payments are received or due in advance of revenue recognition from contracts with customers. The timing of revenue recognition may differ from the timing of billings to customers. The changes in customer deposits from the Company’s custom manufacturing services are as follows:

	Nine Months Ended
	July 2,		June 26,
	2021		2020
(in thousands)
Beginning balance	$	19,783	$	13,229
Recognition of deferred revenue		(25,248)		(11,705)
Deferral of revenue		23,043		18,915
Ending balance	$	17,578	$	20,439