REVENUES

9 Months Ended

Jun. 30, 2020

REVENUES

REVENUES

15.  REVENUES

Disaggregation of Revenues

Revenues by customer type, geographic location, and revenue recognition method for the three and nine-month periods ended June 30, 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 June 30, 2020	Aerospace
(In thousands)	& Defense		Test		USG		Total
Customer type:
Commercial	$	37,485	$	38,737	$	39,740	$	115,962
U.S. Government		46,587		7,279		2,837		56,703
Total revenues	$	84,072	$	46,016	$	42,577	$	172,665
Geographic location:
United States	$	73,476	$	19,441	$	26,499	$	119,416
International		10,596		26,575		16,078		53,249
Total revenues	$	84,072	$	46,016	$	42,577	$	172,665
Revenue recognition method:
Point in time	$	36,461	$	9,138	$	27,765	$	73,364
Over time		47,611		36,878		14,812		99,301
Total revenues	$	84,072	$	46,016	$	42,577	$	172,665

Nine Months Ended June 30, 2020	Aerospace
(In thousands)	& Defense		Test		USG		Total
Customer type:
Commercial	$	130,817	$	107,931	$	135,711	$	374,459
U.S. Government		125,890		21,068		3,468		150,426
Total revenues	$	256,707	$	128,999	$	139,179	$	524,885
Geographic location:
United States	$	219,640	$	69,399	$	90,155	$	379,194
International		37,067		59,600		49,024		145,691
Total revenues	$	256,707	$	128,999	$	139,179	$	524,885
Revenue recognition method:
Point in time	$	118,660	$	26,157	$	100,289	$	245,106
Over time		138,047		102,842		38,890		279,779
Total revenues	$	256,707	$	128,999	$	139,179	$	524,885

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 June 30, 2020, the Company had $550.5 million in remaining performance obligations of which the Company expects to recognize revenues of approximately 72% 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 June 30, 2020, contract assets and liabilities totaled $101.5 million and $87.4 million, respectively.  During the first nine months of 2020, the Company recognized approximately $47.1 million in revenues that were included in the contract liabilities balance at the adoption date.