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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Summary of Revenues Disaggregated by End Market and Product | The following tables present our net revenues disaggregated by end market and product (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential new construction | $ | 532,299 |  |  | 74 | % |  | $ | 385,401 |  |  | 76 | % |  | $ | 1,480,214 |  |  | 75 | % |  | $ | 1,082,379 |  |  | 75 | %
Repair and remodel | 39,139 |  |  | 6 | % |  | 31,276 |  |  | 6 | % |  | 109,745 |  |  | 5 | % |  | 89,810 |  |  | 7 | %
Commercial | 101,478 |  |  | 14 | % |  | 87,484 |  |  | 17 | % |  | 282,585 |  |  | 14 | % |  | 247,113 |  |  | 17 | %
Net revenue, Installation | $ | 672,916 |  |  | 94 | % |  | $ | 504,161 |  |  | 99 | % |  | $ | 1,872,544 |  |  | 94 | % |  | $ | 1,419,302 |  |  | 99 | %
Other (1) | 46,198 |  |  | 6 | % |  | 5,602 |  |  | 1 | % |  | 110,811 |  |  | 6 | % |  | 15,625 |  |  | 1 | %
Net revenue, as reported | $ | 719,114 |  |  | 100 | % |  | $ | 509,763 |  |  | 100 | % |  | $ | 1,983,355 |  |  | 100 | % |  | $ | 1,434,927 |  |  | 100 | %
| Three months ended September 30, |  | Nine months ended September 30, |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insulation | $ | 429,091 |  |  | 60 | % |  | $ | 318,753 |  |  | 63 | % |  | $ | 1,203,635 |  |  | 61 | % |  | $ | 905,553 |  |  | 63 | % |  |  |  |  |  |  |
Shower doors, shelving and mirrors | 46,735 |  |  | 7 | % |  | 35,411 |  |  | 7 | % |  | 124,339 |  |  | 6 | % |  | 101,830 |  |  | 7 | % |  |  |  |  |  |  |
Garage doors | 45,224 |  |  | 6 | % |  | 26,951 |  |  | 5 | % |  | 123,715 |  |  | 6 | % |  | 77,434 |  |  | 5 | % |  |  |  |  |  |  |
Waterproofing | 31,088 |  |  | 4 | % |  | 34,514 |  |  | 7 | % |  | 95,306 |  |  | 5 | % |  | 98,726 |  |  | 7 | % |  |  |  |  |  |  |
Rain gutters | 31,065 |  |  | 4 | % |  | 21,807 |  |  | 4 | % |  | 83,334 |  |  | 4 | % |  | 62,270 |  |  | 4 | % |  |  |  |  |  |  |
Fireproofing/firestopping | 17,159 |  |  | 3 | % |  | 17,684 |  |  | 3 | % |  | 49,247 |  |  | 3 | % |  | 43,155 |  |  | 3 | % |  |  |  |  |  |  |
Window blinds | 16,585 |  |  | 2 | % |  | 13,197 |  |  | 3 | % |  | 45,058 |  |  | 2 | % |  | 37,398 |  |  | 3 | % |  |  |  |  |  |  |
Other building products | 55,969 |  |  | 8 | % |  | 35,844 |  |  | 7 | % |  | 147,910 |  |  | 7 | % |  | 92,936 |  |  | 7 | % |  |  |  |  |  |  |
Net revenue, Installation | $ | 672,916 |  |  | 94 | % |  | $ | 504,161 |  |  | 99 | % |  | $ | 1,872,544 |  |  | 94 | % |  | $ | 1,419,302 |  |  | 99 | % |  |  |  |  |  |  |
Other (1) | 46,198 |  |  | 6 | % |  | 5,602 |  |  | 1 | % |  | 110,811 |  |  | 6 | % |  | 15,625 |  |  | 1 | % |  |  |  |  |  |  |
Net revenue, as reported | $ | 719,114 |  |  | 100 | % |  | $ | 509,763 |  |  | 100 | % |  | $ | 1,983,355 |  |  | 100 | % |  | $ | 1,434,927 |  |  | 100 | % |  |  |  |  |  |  |
(1) Net revenue for manufacturing operations are included in the Other category for all periods presented to conform with our change in composition of operating segments.
Summary of Assets and Liabilities Related to Uncompleted Contracts and Customer Deposits | Contract assets and liabilities related to our uncompleted contracts and customer deposits were as follows (in thousands):
| September 30, 2022 |  | December 31, 2021
Contract assets | $ | 37,956 |  |  | $ | 32,679 |
Contract liabilities | (18,364) |  |  | (14,153) |
Schedule of Cost and Estimated Earnings on Uncompleted Contracts | Uncompleted contracts were as follows (in thousands):
| September 30, 2022 |  | December 31, 2021
Costs incurred on uncompleted contracts | $ | 246,867 |  |  | $ | 206,050 |
Estimated earnings | 108,241 |  |  | 106,163 |
Total | 355,108 |  |  | 312,213 |
Less: Billings to date | 324,130 |  |  | 285,978 |
Net under billings | $ | 30,978 |  |  | $ | 26,235 |
Schedule of Net Under Billings | Net under billings were as follows (in thousands):
| September 30, 2022 |  | December 31, 2021
Costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) | $ | 37,956 |  |  | $ | 32,679 |
Billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) | (6,978) |  |  | (6,444) |
Net under billings | $ | 30,978 |  |  | $ | 26,235 |

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