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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential new construction | $ | 548.8 |  |  | 72 | % |  | $ | 518.1 |  |  | 73 | % |  | $ | 1,594.0 |  |  | 73 | % |  | $ | 1,488.9 |  |  | 72 | %
Repair and remodel | 44.9 |  |  | 6 | % |  | 37.8 |  |  | 6 | % |  | 127.5 |  |  | 6 | % |  | 114.4 |  |  | 6 | %
Commercial | 120.0 |  |  | 16 | % |  | 105.3 |  |  | 15 | % |  | 345.4 |  |  | 15 | % |  | 332.5 |  |  | 16 | %
Net revenue, Installation | $ | 713.7 |  |  | 94 | % |  | $ | 661.2 |  |  | 94 | % |  | $ | 2,066.9 |  |  | 94 | % |  | $ | 1,935.8 |  |  | 94 | %
Other | 46.9 |  |  | 6 | % |  | 45.3 |  |  | 6 | % |  | 124.2 |  |  | 6 | % |  | 122.1 |  |  | 6 | %
Net revenue, as reported | $ | 760.6 |  |  | 100 | % |  | $ | 706.5 |  |  | 100 | % |  | $ | 2,191.1 |  |  | 100 | % |  | $ | 2,057.9 |  |  | 100 | %
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Installation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insulation | $ | 450.2 |  |  | 59 | % |  | $ | 424.2 |  |  | 60 | % |  | $ | 1,325.9 |  |  | 60 | % |  | $ | 1,235.1 |  |  | 60 | %
Shower doors, shelving and mirrors | 55.0 |  |  | 7 | % |  | 48.2 |  |  | 7 | % |  | 157.3 |  |  | 7 | % |  | 141.6 |  |  | 7 | %
Garage doors | 45.3 |  |  | 6 | % |  | 40.6 |  |  | 6 | % |  | 131.2 |  |  | 6 | % |  | 124.8 |  |  | 6 | %
Waterproofing | 39.2 |  |  | 5 | % |  | 36.2 |  |  | 5 | % |  | 104.4 |  |  | 5 | % |  | 99.1 |  |  | 5 | %
Rain gutters | 34.6 |  |  | 5 | % |  | 31.2 |  |  | 4 | % |  | 94.1 |  |  | 4 | % |  | 88.6 |  |  | 4 | %
Fireproofing/firestopping | 21.3 |  |  | 3 | % |  | 18.9 |  |  | 3 | % |  | 64.4 |  |  | 3 | % |  | 53.9 |  |  | 3 | %
Window blinds | 19.5 |  |  | 3 | % |  | 16.1 |  |  | 2 | % |  | 56.7 |  |  | 3 | % |  | 48.3 |  |  | 2 | %
Other building products | 48.6 |  |  | 6 | % |  | 45.8 |  |  | 7 | % |  | 132.9 |  |  | 6 | % |  | 144.4 |  |  | 7 | %
Net revenue, Installation | $ | 713.7 |  |  | 94 | % |  | $ | 661.2 |  |  | 94 | % |  | $ | 2,066.9 |  |  | 94 | % |  | $ | 1,935.8 |  |  | 94 | %
Other | 46.9 |  |  | 6 | % |  | 45.3 |  |  | 6 | % |  | 124.2 |  |  | 6 | % |  | 122.1 |  |  | 6 | %
Net revenue, as reported | $ | 760.6 |  |  | 100 | % |  | $ | 706.5 |  |  | 100 | % |  | $ | 2,191.1 |  |  | 100 | % |  | $ | 2,057.9 |  |  | 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):
| September 30, 2024 |  | December 31, 2023
Contract assets | $ | 38.1 |  |  | $ | 31.7 |
Contract liabilities | (20.7) |  |  | (19.0) |
Schedule of Cost and Estimated Earnings on Uncompleted Contracts | Uncompleted contracts were as follows (in millions):
| September 30, 2024 |  | December 31, 2023
Costs incurred on uncompleted contracts | $ | 273.0 |  |  | $ | 268.9 |
Estimated earnings | 138.9 |  |  | 124.4 |
Total | 411.9 |  |  | 393.3 |
Less: Billings to date | 384.6 |  |  | 371.7 |
Net under billings | $ | 27.3 |  |  | $ | 21.6 |
Schedule of Net Under Billings | Net under billings were as follows (in millions):
| September 30, 2024 |  | December 31, 2023
Costs and estimated earnings in excess of billings on uncompleted contracts (contract assets) | $ | 38.1 |  |  | $ | 31.7 |
Billings in excess of costs and estimated earnings on uncompleted contracts (contract liabilities) | (10.8) |  |  | (10.1) |
Net under billings | $ | 27.3 |  |  | $ | 21.6 |

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