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Revenue
 6 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company produces forged components for (i) turbine engines that power commercial, business and regional aircraft as well as military aircraft and other military applications; (ii) airframe applications for a variety of aircraft; (iii) industrial gas and steam turbine engines for power generation units; and (iv) commercial space, semiconductor and other commercial applications.

Revenue is recognized when performance obligations under the terms of the contract with a customer of the Company are satisfied. A portion of the Company's contracts are from purchase orders ("PO's"), which continue to be recognized as of a point in time when products are shipped from the Company's manufacturing facilities or at a later time when control of the products transfers to the customer. Under the revenue standard, the Company recognizes certain revenue over time as it satisfies the performance obligations because the conditions of transfer of control to the applicable customer are as follows:

•Certain military contracts, which relate to the provisions of specialized or unique goods to the U.S. government with no alternative use, include provisions within the contract that are subject to the Federal Acquisition Regulation ("FAR"). The FAR provision allows the customer to unilaterally terminate the contract for convenience and requires the customer to pay the Company for costs incurred plus reasonable profit margin and take control of any work in process.

•For certain commercial contracts involving customer-specific products with no alternative use, the contract may fall under the FAR clause provisions noted above for military contracts or may include certain provisions within their contract that the customer controls the work in process based on contractual termination clauses or restrictions of the Company's use of the product and the Company possesses a right to payment for work performed to date plus reasonable profit margin.

As a result of control transferring over time for these products, revenue is recognized based on progress toward completion of the performance obligation. The selection of the method to measure progress towards completion requires judgment and is
based on the nature of the products to be provided. The Company elected to use the cost to cost input method of progress based on costs incurred for these contracts because it best depicts the transfer of goods to the customer based on incurring costs on the contracts. Under this method, the extent of progress towards completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenues are recorded proportionally as costs are incurred.

The following table represents a breakout of total revenue by customer type:
Three Months Ended
March 31,		Six Months Ended
March 31,
2024202320242023
Commercial revenue$17,376 $11,361 $30,616 $21,542 
Military revenue9,167 7,881 16,979 18,999 
Total $26,543 $19,242 $47,595 $40,541 

The following table represents revenue by end market:
Three Months Ended
March 31,		Six Months Ended
March 31,
Net Sales2024202320242023
Aerospace components for:
    Fixed wing aircraft$10,080 $8,855 $20,019 $19,581 
    Rotorcraft4,197 3,513 7,347 7,894 
Energy components for power generation units6,470 5,101 12,661 9,724 
Commercial product and other revenue5,796 1,773 7,568 3,342 
Total$26,543 $19,242 $47,595 $40,541 

The following table represents revenue by geographic region based on the Company's selling operation locations:

Three Months Ended
March 31,		Six Months Ended
March 31,
Net Sales2024202320242023
North America$20,514 $14,353 $35,988 $31,647 
Europe6,029 4,889 11,607 8,894 
Total$26,543 $19,242 $47,595 $40,541 

In addition to the disaggregated revenue information provided above, approximately 40% and 49% of total net sales for the six months ended March 31, 2024 and 2023, respectively, was recognized on an over-time basis because of the continuous transfer of control to the customer, with the remainder recognized at a point in time. 

Contract Balances
The following table contains a roll forward of contract assets and contract liabilities for the period beginning October 1, 2023 and ended March 31, 2024 compared to period beginning October 1, 2022 and ended March 31, 2023:
March 31,
2024		March 31,
2023
Contract assets - Beginning balance$10,091 $10,172 
Additional revenue recognized over-time19,250 20,230 
Less amounts billed to the customers(19,365)(19,766)
Contract assets - Ending balance$9,976 $10,636 
March 31,
2024		March 31,
2023
Contract liabilities (included within Accrued liabilities) - Beginning balance$(1,150)$(807)
Payments received in advance of performance obligations(1,830)(1,428)
Performance obligations satisfied1,581 1,019 
Contract liabilities (included within Accrued liabilities) - Ending balance$(1,399)$(1,216)

Accounts receivable were $16,515 and $17,395 at September 30, 2022 and March 31, 2023, respectively. There were no impairment losses recorded on contract assets as of March 31, 2024 and September 30, 2023.

Remaining performance obligations
As of March 31, 2024, the Company has $137,771 of remaining performance obligations, the majority of which are anticipated to be completed within the next twelve months.