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Revenue Recognition
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue Recognition REVENUE RECOGNITION
We disaggregate our revenue from contracts with customers for our Installation segment by end market and product, as we believe it best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Revenues for the Other category are presented net of intercompany sales in the tables below. The following tables present our net revenues disaggregated by end market and product (in thousands):
Years ended December 31,
202220212020
Residential new construction$1,980,253 74 %$1,488,674 76 %$1,230,955 75 %
Repair and remodel151,761 6 %121,594 6 %106,486 6 %
Commercial381,543 14 %331,275 17 %298,920 18 %
Net revenue, Installation$2,513,557 94 %$1,941,543 99 %$1,636,361 99 %
Other (1)
156,287 6 %27,107 1 %16,864 1 %
Net revenue, as reported$2,669,844 100 %$1,968,650 100 %$1,653,225 100 %

Years ended December 31,
202220212020
Insulation$1,611,037 61 %$1,235,583 63 %$1,041,453 63 %
Shower doors, shelving and mirrors172,979 7 %138,797 7 %117,131 7 %
Garage doors168,800 6 %108,675 6 %93,516 6 %
Waterproofing124,808 5 %130,924 6 %122,962 7 %
Rain gutters114,022 4 %86,406 4 %62,672 4 %
Fireproofing/firestopping63,498 2 %59,381 3 %49,648 3 %
Window blinds61,295 2 %50,255 3 %46,984 3 %
Other building products197,118 7 %131,522 7 %101,995 6 %
Net revenues, Installation$2,513,557 94 %$1,941,543 99 %$1,636,361 99 %
Other (1)
156,287 6 %27,107 1 %16,864 1 %
Net revenue, as reported$2,669,844 100 %$1,968,650 100 %$1,653,225 100 %
(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.
Contract Assets and Liabilities
Our contract assets consist of unbilled amounts typically resulting from sales under contracts when the cost-to-cost method of revenue recognition is utilized and revenue recognized, based on costs incurred, exceeds the amount billed to the customer. Our contract assets are recorded in other current assets in our Consolidated Balance Sheets. Our contract liabilities consist of customer deposits and billings in excess of revenue recognized, based on costs incurred and are included in other current liabilities in our Consolidated Balance Sheets.
Contract assets and liabilities related to our uncompleted contracts and customer deposits were as follows (in thousands):
As of December 31,
20222021
Contract assets$29,431 $32,679 
Contract liabilities(18,884)(14,153)
Uncompleted contracts were as follows (in thousands):
As of December 31,
20222021
Costs incurred on uncompleted contracts$273,788 $206,050 
Estimated earnings114,781 106,163 
Total388,569 312,213 
Less: Billings to date368,009 285,978 
Net under billings$20,560 $26,235 
Net under billings were as follows (in thousands):
As of December 31,
20222021
Costs and estimated earnings in excess of billings on uncompleted contracts (contract assets)$29,431 $32,679 
Billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities)(8,871)(6,444)
Net under billings$20,560 $26,235 
The difference between contract assets and contract liabilities as of December 31, 2022 compared to December 31, 2021 is primarily the result of timing differences between our performance of obligations under contracts and customer payments and billings. During the year ended December 31, 2022, we recognized $13.7 million of revenue that was included in the contract liability balance at December 31, 2021. We did not recognize any impairment losses on our receivables and contract assets during the years ended December 31, 2022 and 2021.
Remaining performance obligations represent the transaction price of contracts for which work has not been performed and excludes unexercised contract options and potential modifications. As of December 31, 2022, the aggregate amount of the transaction price allocated to remaining uncompleted contracts was $162.3 million. We expect to satisfy remaining performance obligations and recognize revenue on substantially all of these uncompleted contracts over the next 18 months.