Revenues

12 Months Ended

Sep. 30, 2023

Revenues

REVENUES

12.     Revenues

(a) Disaggregation of Revenues

The tables below present our revenues by customer type, geographic location, and revenue recognition method for the years ended September 30, 2023 and 2022, as we believe this presentation best depicts how the nature, amount, timing and uncertainty of net sales

and cash flows are affected by economic factors. The tables also include a reconciliation of the disaggregated revenue within our reportable segments.

Year Ended September 30, 2023
(In thousands)	A&D		USG		Test		Total
Customer type:
Commercial	$	178,447		331,836		193,744		704,027
Government		213,996		10,484		27,526		252,006
Total revenues	$	392,443		342,320		221,270		956,033
Geographic location:
United States	$	326,566		220,536		118,289		665,391
International		65,877		121,784		102,981		290,642
Total revenues	$	392,443		342,320		221,270		956,033
Revenue recognition method:
Point in time	$	178,222		281,977		44,042		504,241
Over time		214,221		60,343		177,228		451,792
Total revenues	$	392,443		342,320		221,270		956,033

Year Ended September 30, 2022
(In thousands)	A&D		USG		Test		Total
Customer type:
Commercial	$	144,305		272,432		209,016		625,753
Government		207,108		5,935		18,706		231,749
Total revenues	$	351,413		278,367		227,722		857,502
Geographic location:
United States	$	299,158		180,586		123,428		603,172
International		52,255		97,781		104,294		254,330
Total revenues	$	351,413		278,367		227,722		857,502
Revenue recognition method:
Point in time	$	144,039		226,418		58,522		428,979
Over time		207,374		51,949		169,200		428,523
Total revenues	$	351,413		278,367		227,722		857,502

(b) Remaining Performance Obligations

Remaining performance obligations represent the aggregate transaction price allocated to performance obligations which are fully or partially unsatisfied at the end of the period. Remaining performance obligations include noncancelable purchase orders and other long-term contracts. At September 30, 2023, we had approximately $360 million in remaining performance obligations for contracts with an original duration of greater than one year which we expect approximately 80% to be recognized as revenues in the next twenty-four months and approximately 20% thereafter.

(c) Contract assets, contract liabilities and accounts receivable

We report assets and liabilities related to our contracts with customers on a contract-by-contract basis at the end of each reporting period. At September 30, 2023, our contract assets, contract liabilities and accounts receivable totaled $138.6 million, $123.1 million and $198.6 million, respectively. At September 30, 2022, our contract assets, contract liabilities and accounts receivable totaled $125.2 million, $137.6 million and $164.6 million, respectively. At September 30, 2021, our contract assets, contract liabilities and accounts receivable totaled $93.8 million, $108.8 million and $146.3 million, respectively. During 2023, we recognized approximately $80 million in revenues that were included in the contract liabilities balance at September 30, 2022.