Revenues

12 Months Ended

Sep. 30, 2020

Revenues

Revenues

17.     Revenues

(a) Disaggregation of Revenues

Our revenues by customer type, geographic location, and revenue recognition method for the year ended September 30, 2020 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 our reportable segments.

Year Ended September 30, 2020	Aerospace
(In thousands)	& Defense		USG		Test		Total
Customer type:
Commercial	$	169,484	$	184,906	$	158,420	$	512,810
Government		184,836		6,797		28,472		220,105
Total revenues	$	354,320	$	191,703	$	186,892	$	732,915
Geographic location:
United States	$	305,155	$	134,601	$	92,105	$	531,861
International		49,165		57,102		94,787		201,054
Total revenues	$	354,320	$	191,703	$	186,892	$	732,915
Revenue recognition method:
Point in time	$	160,402	$	144,192	$	33,482	$	338,076
Over time		193,918		47,511		153,410		394,839
Total revenues	$	354,320	$	191,703	$	186,892	$	732,915

(b) Remaining Performance Obligations

Our remaining performance obligations, which is the equivalent of our backlog, represent the expected transaction price allocated to our contracts that we expect to recognize as revenue in future periods when we perform 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 September 30, 2020, we had $517.4 million in remaining performance obligations of which we expect to recognize revenues of 73% in the next twelve months.

(c) Contract assets and liabilities

Assets and liabilities related to our contracts with customers are reported on a contract-by-contract basis at the end of each reporting period. At September 30, 2020, contract assets and liabilities totaled $96.7 million and $100.6 million, respectively. Upon adoption of ASC 606 on October 1, 2018, contract assets and liabilities related to our contracts with customers were $87 million and $51 million, respectively. During 2020, we recognized approximately $54 million in revenues that were included in the contract liabilities balance at the adoption date.