REVENUES

6 Months Ended

Mar. 31, 2020

REVENUES

REVENUES

15.  REVENUES

Disaggregation of Revenues

Revenues by customer type, geographic location, and revenue recognition method for the three and six-month periods ended March 31, 2020 are presented in the tables 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 include a reconciliation of the disaggregated revenue within each reportable segment on a continuing operations basis.

Three months ended March 31, 2020	Aerospace
(In thousands)	& Defense		Test		USG		Total
Customer type:
Commercial	$	51,550	$	33,952	$	43,736	$	129,238
U.S. Government		43,574		7,648		32		51,254
Total revenues	$	95,124	$	41,600	$	43,768	$	180,492
Geographic location:
United States	$	81,458	$	25,121	$	28,706	$	135,285
International		13,666		16,479		15,062		45,207
Total revenues	$	95,124	$	41,600	$	43,768	$	180,492
Revenue recognition method:
Point in time	$	46,610	$	8,009	$	32,209	$	86,828
Over time		48,514		33,591		11,559		93,664
Total revenues	$	95,124	$	41,600	$	43,768	$	180,492

Six months ended March 31, 2020	Aerospace
(In thousands)	& Defense		Test		USG		Total
Customer type:
Commercial	$	93,417	$	69,194	$	95,971	$	258,582
U.S. Government		79,218		13,789		631		93,638
Total revenues	$	172,635	$	82,983	$	96,602	$	352,220
Geographic location:
United States	$	146,164	$	49,959	$	63,665	$	259,788
International		26,471		33,024		32,937		92,432
Total revenues	$	172,635	$	82,983	$	96,602	$	352,220
Revenue recognition method:
Point in time	$	82,897	$	17,019	$	72,524	$	172,440
Over time		89,738		65,964		24,078		179,780
Total revenues	$	172,635	$	82,983	$	96,602	$	352,220

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 March 31, 2020, the Company had $565 million in remaining performance obligations of which the Company expects to recognize revenues of approximately 68% 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 March 31, 2020, contract assets and liabilities totaled $96.1 million and $95.4 million, respectively.  During the first six months of 2020, the Company recognized approximately $36.4 million in revenues that were included in the contract liabilities balance at the adoption date.