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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential new construction | $ | 542.4 |  |  | 74 | % |  | $ | 495.7 |  |  | 71 | % |  | $ | 1,045.2 |  |  | 73 | % |  | $ | 970.8 |  |  | 72 | %
Repair and remodel | 42.5 |  |  | 6 | % |  | 38.9 |  |  | 6 | % |  | 82.6 |  |  | 6 | % |  | 76.6 |  |  | 5 | %
Commercial | 112.4 |  |  | 15 | % |  | 117.3 |  |  | 17 | % |  | 225.4 |  |  | 16 | % |  | 227.2 |  |  | 17 | %
Net revenue, Installation | $ | 697.3 |  |  | 95 | % |  | $ | 651.9 |  |  | 94 | % |  | $ | 1,353.2 |  |  | 95 | % |  | $ | 1,274.6 |  |  | 94 | %
Other | 40.3 |  |  | 5 | % |  | 40.2 |  |  | 6 | % |  | 77.3 |  |  | 5 | % |  | 76.8 |  |  | 6 | %
Net revenue, as reported | $ | 737.6 |  |  | 100 | % |  | $ | 692.1 |  |  | 100 | % |  | $ | 1,430.5 |  |  | 100 | % |  | $ | 1,351.4 |  |  | 100 | %
| Three months ended June 30, |  | Six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insulation | $ | 447.8 |  |  | 61 | % |  | $ | 416.9 |  |  | 60 | % |  | $ | 875.7 |  |  | 61 | % |  | $ | 810.9 |  |  | 60 | %
Shower doors, shelving and mirrors | 53.4 |  |  | 7 | % |  | 47.8 |  |  | 7 | % |  | 102.3 |  |  | 7 | % |  | 93.3 |  |  | 7 | %
Garage doors | 43.2 |  |  | 6 | % |  | 40.9 |  |  | 6 | % |  | 85.9 |  |  | 6 | % |  | 84.2 |  |  | 6 | %
Waterproofing | 34.5 |  |  | 5 | % |  | 33.0 |  |  | 5 | % |  | 65.2 |  |  | 5 | % |  | 62.9 |  |  | 5 | %
Rain gutters | 32.1 |  |  | 4 | % |  | 29.6 |  |  | 4 | % |  | 59.5 |  |  | 4 | % |  | 57.4 |  |  | 4 | %
Fireproofing/firestopping | 22.4 |  |  | 3 | % |  | 19.8 |  |  | 3 | % |  | 43.1 |  |  | 3 | % |  | 35.0 |  |  | 3 | %
Window blinds | 20.2 |  |  | 3 | % |  | 16.3 |  |  | 2 | % |  | 37.2 |  |  | 3 | % |  | 32.2 |  |  | 2 | %
Other building products | 43.7 |  |  | 6 | % |  | 47.6 |  |  | 7 | % |  | 84.3 |  |  | 6 | % |  | 98.7 |  |  | 7 | %
Net revenue, Installation | $ | 697.3 |  |  | 95 | % |  | $ | 651.9 |  |  | 94 | % |  | $ | 1,353.2 |  |  | 95 | % |  | $ | 1,274.6 |  |  | 94 | %
Other | 40.3 |  |  | 5 | % |  | 40.2 |  |  | 6 | % |  | 77.3 |  |  | 5 | % |  | 76.8 |  |  | 6 | %
Net revenue, as reported | $ | 737.6 |  |  | 100 | % |  | $ | 692.1 |  |  | 100 | % |  | $ | 1,430.5 |  |  | 100 | % |  | $ | 1,351.4 |  |  | 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):
| June 30, 2024 |  | December 31, 2023
Contract assets | $ | 34.2 |  |  | $ | 31.7 |
Contract liabilities | (19.0) |  |  | (19.0) |
Schedule of Cost and Estimated Earnings on Uncompleted Contracts | Uncompleted contracts were as follows (in millions):
| June 30, 2024 |  | December 31, 2023
Costs incurred on uncompleted contracts | $ | 276.0 |  |  | $ | 268.9 |
Estimated earnings | 131.9 |  |  | 124.4 |
Total | 407.9 |  |  | 393.3 |
Less: Billings to date | 384.4 |  |  | 371.7 |
Net under billings | $ | 23.5 |  |  | $ | 21.6 |
Schedule of Net Under Billings | Net under billings were as follows (in millions):
| June 30, 2024 |  | December 31, 2023
Costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) | $ | 34.2 |  |  | $ | 31.7 |
Billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) | (10.7) |  |  | (10.1) |
Net under billings | $ | 23.5 |  |  | $ | 21.6 |

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