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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2024
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 millions):
| Three months ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential new construction | $ | 502.8 |  |  | 73 | % |  | $ | 475.1 |  |  | 72 | % |  |  |  |  |  |  |  |
Repair and remodel | 40.1 |  |  | 6 | % |  | 37.7 |  |  | 6 | % |  |  |  |  |  |  |  |
Commercial | 113.0 |  |  | 16 | % |  | 109.9 |  |  | 16 | % |  |  |  |  |  |  |  |
Net revenue, Installation | $ | 655.9 |  |  | 95 | % |  | $ | 622.7 |  |  | 94 | % |  |  |  |  |  |  |  |
Other | 37.0 |  |  | 5 | % |  | 36.6 |  |  | 6 | % |  |  |  |  |  |  |  |
Net revenue, as reported | $ | 692.9 |  |  | 100 | % |  | $ | 659.3 |  |  | 100 | % |  |  |  |  |  |  |  |
| Three months ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insulation | $ | 427.9 |  |  | 62 | % |  | $ | 394.0 |  |  | 60 | % |  |  |  |  |  |  |  |
Shower doors, shelving and mirrors | 48.9 |  |  | 7 | % |  | 45.5 |  |  | 7 | % |  |  |  |  |  |  |  |
Garage doors | 42.7 |  |  | 6 | % |  | 43.3 |  |  | 7 | % |  |  |  |  |  |  |  |
Waterproofing | 30.7 |  |  | 4 | % |  | 29.9 |  |  | 4 | % |  |  |  |  |  |  |  |
Rain gutters | 27.4 |  |  | 4 | % |  | 27.8 |  |  | 4 | % |  |  |  |  |  |  |  |
Fireproofing/firestopping | 20.7 |  |  | 3 | % |  | 15.2 |  |  | 2 | % |  |  |  |  |  |  |  |
Window blinds | 17.0 |  |  | 3 | % |  | 15.9 |  |  | 2 | % |  |  |  |  |  |  |  |
Other building products | 40.6 |  |  | 6 | % |  | 51.1 |  |  | 8 | % |  |  |  |  |  |  |  |
Net revenue, Installation | $ | 655.9 |  |  | 95 | % |  | $ | 622.7 |  |  | 94 | % |  |  |  |  |  |  |  |
Other | 37.0 |  |  | 5 | % |  | 36.6 |  |  | 6 | % |  |  |  |  |  |  |  |
Net revenue, as reported | $ | 692.9 |  |  | 100 | % |  | $ | 659.3 |  |  | 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 millions):
| March 31, 2024 |  | December 31, 2023
Contract assets | $ | 35.3 |  |  | $ | 31.7 |
Contract liabilities | (19.1) |  |  | (19.0) |
Schedule of Cost and Estimated Earnings on Uncompleted Contracts | Uncompleted contracts were as follows (in millions):
| March 31, 2024 |  | December 31, 2023
Costs incurred on uncompleted contracts | $ | 260.1 |  |  | $ | 268.9 |
Estimated earnings | 123.1 |  |  | 124.4 |
Total | 383.2 |  |  | 393.3 |
Less: Billings to date | 357.8 |  |  | 371.7 |
Net under billings | $ | 25.4 |  |  | $ | 21.6 |
Schedule of Net Under Billings | Net under billings were as follows (in millions):
| March 31, 2024 |  | December 31, 2023
Costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) | $ | 35.3 |  |  | $ | 31.7 |
Billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) | (9.9) |  |  | (10.1) |
Net under billings | $ | 25.4 |  |  | $ | 21.6 |

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