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Revenue (Tables)
6 Months Ended
Mar. 28, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
We disaggregate our revenue by reportable segment, sales type (product or service), the timing of recognition of revenue for transfer of goods or services to customers (point-in-time or over time), and geographic market based on the billing location of the customer. See Note 14 for further information on our reportable segments and intersegment revenue.
 
 
Three Months Ended
 
 
March 28, 2020
 
March 30, 2019
 
 
Test & Simulation
 
Sensors
 
Intersegment
 
Total
 
Test & Simulation
 
Sensors
 
Intersegment
 
Total
Sales type
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Product
 
$
102,288

 
$
81,161

 
$
(226
)
 
$
183,223

 
$
126,511

 
$
80,540

 
$
(361
)
 
$
206,690

Service
 
23,209

 
5,037

 
(6
)
 
28,240

 
24,521

 
1,835

 

 
26,356

Total revenue
 
$
125,497

 
$
86,198

 
$
(232
)
 
$
211,463

 
$
151,032

 
$
82,375

 
$
(361
)
 
$
233,046

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Timing of recognition
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Point-in-time
 
$
57,616

 
$
77,536

 
$
(232
)
 
$
134,920

 
$
98,360

 
$
82,375

 
$
(361
)
 
$
180,374

Over time
 
67,881

 
8,662

 

 
76,543

 
52,672

 

 

 
52,672

Total revenue
 
$
125,497

 
$
86,198

 
$
(232
)
 
$
211,463

 
$
151,032

 
$
82,375

 
$
(361
)
 
$
233,046

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Geographic market
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Americas
 
$
39,375

 
$
44,848

 
$
(232
)
 
$
83,991

 
$
51,399

 
$
38,975

 
$
(361
)
 
$
90,013

Europe
 
41,135

 
26,167

 

 
67,302

 
29,536

 
27,653

 

 
57,189

Asia
 
44,987

 
15,183

 

 
60,170

 
70,097

 
15,747

 

 
85,844

Total revenue
 
$
125,497

 
$
86,198

 
$
(232
)
 
$
211,463

 
$
151,032

 
$
82,375

 
$
(361
)
 
$
233,046

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
 
March 28, 2020
 
March 30, 2019
 
 
Test & Simulation
 
Sensors
 
Intersegment
 
Total
 
Test & Simulation
 
Sensors
 
Intersegment
 
Total
Sales type
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Product
 
$
197,784

 
$
164,935

 
$
(638
)
 
$
362,081

 
$
225,419

 
$
157,040

 
$
(690
)
 
$
381,769

Service
 
48,443

 
6,798

 
(16
)
 
55,225

 
51,173

 
3,285

 

 
54,458

Total revenue
 
$
246,227

 
$
171,733

 
$
(654
)
 
$
417,306

 
$
276,592

 
$
160,325

 
$
(690
)
 
$
436,227

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Timing of recognition
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Point-in-time
 
$
117,720

 
$
154,699

 
$
(654
)
 
$
271,765

 
$
177,979

 
$
160,325

 
$
(690
)
 
$
337,614

Over time
 
128,507

 
17,034

 

 
145,541

 
98,613

 

 

 
98,613

Total revenue
 
$
246,227

 
$
171,733

 
$
(654
)
 
$
417,306

 
$
276,592

 
$
160,325

 
$
(690
)
 
$
436,227

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Geographic market
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Americas
 
$
77,223

 
$
91,393

 
$
(654
)
 
$
167,962

 
$
90,888

 
$
76,704

 
$
(690
)
 
$
166,902

Europe
 
67,650

 
48,709

 

 
116,359

 
58,163

 
53,001

 

 
111,164

Asia
 
101,354

 
31,631

 

 
132,985

 
127,541

 
30,620

 

 
158,161

Total revenue
 
$
246,227

 
$
171,733

 
$
(654
)
 
$
417,306

 
$
276,592

 
$
160,325

 
$
(690
)
 
$
436,227


Contract Assets and Contract Liabilities
Contract assets and contract liabilities are as follows:
 
 
March 28,
2020
 
September 28,
2019
Contract assets
 
$
82,274

 
$
80,331

Contract liabilities
 
71,681

 
81,045


Significant changes in contract assets and contract liabilities are as follows:
 
 
Contract Assets
Balance, September 28, 2019
 
$
80,331

Changes in estimated stage of completion
 
60,450

Transfers to accounts receivable, net
 
(63,019
)
Acquisitions1
 
6,107

Other
 
(1,595
)
Balance, March 28, 2020
 
$
82,274

 
 
 
 
 
Contract Liabilities
Balance, September 28, 2019
 
$
81,045

Revenue recognized included in balance at beginning of period
 
(46,899
)
Increases due to payments received, excluding amounts recognized as revenue during period
 
36,061

Acquisitions1
 
3,182

Other
 
(1,708
)
Balance, March 28, 2020
 
$
71,681


1    See Note 16 for additional information regarding acquisitions.