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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31, |  |
| 2023 |  | 2022 |  |  |  |
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential new construction | $ | 475,095 |  |  | 72 | % |  | $ | 442,404 |  |  | 75 | % |  |  |  |  |  |  |  |
Repair and remodel | 37,675 |  |  | 6 | % |  | 32,641 |  |  | 6 | % |  |  |  |  |  |  |  |
Commercial | 109,972 |  |  | 16 | % |  | 86,586 |  |  | 15 | % |  |  |  |  |  |  |  |
Net revenue, Installation | $ | 622,742 |  |  | 94 | % |  | $ | 561,631 |  |  | 96 | % |  |  |  |  |  |  |  |
Other | 36,567 |  |  | 6 | % |  | 25,861 |  |  | 4 | % |  |  |  |  |  |  |  |
Net revenue, as reported | $ | 659,309 |  |  | 100 | % |  | $ | 587,492 |  |  | 100 | % |  |  |  |  |  |  |  |
| Three months ended March 31, |  |  |
| 2023 |  | 2022 |  |  |  |  |  |  |
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insulation | $ | 394,043 |  |  | 60 | % |  | $ | 364,943 |  |  | 63 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Shower doors, shelving and mirrors | 45,513 |  |  | 7 | % |  | 36,340 |  |  | 6 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Garage doors | 43,312 |  |  | 7 | % |  | 35,979 |  |  | 6 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Waterproofing | 29,939 |  |  | 4 | % |  | 29,022 |  |  | 5 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rain gutters | 27,800 |  |  | 4 | % |  | 23,546 |  |  | 4 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Window Blinds | 15,881 |  |  | 2 | % |  | 13,058 |  |  | 2 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fireproofing/firestopping | 15,175 |  |  | 2 | % |  | 15,922 |  |  | 3 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other building products | 51,079 |  |  | 8 | % |  | 42,821 |  |  | 7 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue, Installation | $ | 622,742 |  |  | 94 | % |  | $ | 561,631 |  |  | 96 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other | 36,567 |  |  | 6 | % |  | 25,861 |  |  | 4 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue, as reported | $ | 659,309 |  |  | 100 | % |  | $ | 587,492 |  |  | 100 | % |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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):
| March 31, 2023 |  | December 31, 2022
Contract assets | $ | 36,048 |  |  | $ | 29,431 |
Contract liabilities | (17,331) |  |  | (18,884) |
Schedule of Cost and Estimated Earnings on Uncompleted Contracts | Uncompleted contracts were as follows (in thousands):
| March 31, 2023 |  | December 31, 2022
Costs incurred on uncompleted contracts | $ | 279,994 |  |  | $ | 273,788 |
Estimated earnings | 116,621 |  |  | 114,781 |
Total | 396,615 |  |  | 388,569 |
Less: Billings to date | 369,686 |  |  | 368,009 |
Net under billings | $ | 26,929 |  |  | $ | 20,560 |
Schedule of Net Under Billings | Net under billings were as follows (in thousands):
| March 31, 2023 |  | December 31, 2022
Costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) | $ | 36,048 |  |  | $ | 29,431 |
Billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) | (9,119) |  |  | (8,871) |
Net under billings | $ | 26,929 |  |  | $ | 20,560 |

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