REVENUES

3 Months Ended

Dec. 31, 2019

REVENUES

REVENUES

15.  REVENUES

Disaggregation of Revenues

Revenues by customer type, geographic location, and revenue recognition method for the three-month period ended December 31, 2019 are presented in the table below as the Company deems it best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors. The table below also includes a reconciliation of the disaggregated revenue within each reportable segment on a continuing operations basis.

	Aerospace
(In thousands)	& Defense		Test		USG		Total
Customer type:
Commercial	$	41,907	$	35,249	$	52,235	$	129,391
U.S. Government		35,604		6,134		599		42,337
Total revenues	$	77,511	$	41,383	$	52,834	$	171,728
Geographic location:
United States	$	64,706	$	24,837	$	34,651	$	124,194
International		12,805		16,546		18,183		47,534
Total revenues	$	77,511	$	41,383	$	52,834	$	171,728
Revenue recognition method:
Point in time	$	35,761	$	7,611	$	40,315	$	83,687
Over time		41,750		33,772		12,519		88,041
Total revenues	$	77,511	$	41,383	$	52,834	$	171,728

Remaining Performance Obligations

Remaining performance obligations, which is the equivalent of backlog, represent the expected transaction price allocated to contracts that the Company expects to recognize as revenue in future periods when the Company performs under the contracts. These remaining obligations include amounts that have been formally appropriated under contracts with the U.S. Government, and exclude unexercised contract options and potential orders under ordering-type contracts such as Indefinite Delivery, Indefinite Quantity contracts. At December 31, 2019, the Company had $500 million in remaining performance obligations of which the Company expects to recognize revenues of approximately 76% in the next twelve months.

Contract assets and liabilities

Assets and liabilities related to contracts with customers are reported on a contract-by-contract basis at the end of each reporting period. At December 31, 2019, contract assets and liabilities totaled $93.5 million and $84.8 million, respectively.  During the first quarter of 2020, the Company recognized approximately $26 million in revenues that were included in the contract liabilities balance at the adoption date.