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Revenue Recognition | 12 Months Ended
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Dec. 31, 2021
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition Disaggregated Revenue Our revenues are derived from the delivery of products to our customers and from services performed for commercial customers, various government agencies, the DoD or federal civilian agencies. A summary of revenues by customer for our operating segments for the years ended December 31, 2021, 2020 and 2019 are as follows (in thousands):
Year Ended December 31, 2021 |  | Fleet |  | Aviation |  | Federal and Defense |  | Total
Commercial |  | $ | 73,606 |  |  | $ | 245,380 |  |  | $ | 3,332 |  |  | $ | 322,318 |
DoD |  | 12,689 |  |  | — |  |  | 220,733 |  |  | 233,422 |
Other government |  | 147,237 |  |  | 2,472 |  |  | 45,404 |  |  | 195,113 |
Total |  | $ | 233,532 |  |  | $ | 247,852 |  |  | $ | 269,469 |  |  | $ | 750,853 |
Year Ended December 31, 2020 |  |  |  |  |  |  |  |
Commercial |  | $ | 42,733 |  |  | $ | 163,695 |  |  | $ | 1,877 |  |  | $ | 208,305 |
DoD |  | 20,744 |  |  | 1,093 |  |  | 214,560 |  |  | 236,397 |
Other government |  | 178,693 |  |  | 282 |  |  | 37,982 |  |  | 216,957 |
Total |  | $ | 242,170 |  |  | $ | 165,070 |  |  | $ | 254,419 |  |  | $ | 661,659 |
Year Ended December 31, 2019 |  |  |  |  |  |  |  |
Commercial |  | $ | 22,161 |  |  | $ | 218,886 |  |  | $ | 1,471 |  |  | $ | 242,518 |
DoD |  | 24,246 |  |  | 3,775 |  |  | 276,313 |  |  | 304,334 |
Other government |  | 168,113 |  |  | 1,885 |  |  | 35,777 |  |  | 205,775 |
Total |  | $ | 214,520 |  |  | $ | 224,546 |  |  | $ | 313,561 |  |  | $ | 752,627 |
A summary of revenues by type for our operating segments for the year ended December 31, 2021, 2020 and 2019 are as follows (in thousands):
Year Ended December 31, 2021 |  | Fleet |  | Aviation |  | Federal and Defense |  | Total
Repair |  | $ | — |  |  | $ | 75,725 |  |  | $ | — |  |  | $ | 75,725 |
Distribution |  | 233,532 |  |  | 172,127 |  |  | — |  |  | 405,659 |
Cost Plus Contract |  | — |  |  | — |  |  | 93,694 |  |  | 93,694 |
Fixed Price Contract |  | — |  |  | — |  |  | 105,495 |  |  | 105,495 |
T&M Contract |  | — |  |  | — |  |  | 70,280 |  |  | 70,280 |
Total |  | $ | 233,532 |  |  | $ | 247,852 |  |  | $ | 269,469 |  |  | $ | 750,853 |
Year Ended December 31, 2020 |  |  |  |  |  |  |  |
Repair |  | $ | — |  |  | $ | 82,445 |  |  | $ | — |  |  | $ | 82,445 |
Distribution |  | 242,170 |  |  | 82,625 |  |  | — |  |  | 324,795 |
Cost Plus Contract |  | — |  |  | — |  |  | 79,064 |  |  | 79,064 |
Fixed Price Contract |  | — |  |  | — |  |  | 138,406 |  |  | 138,406 |
T&M Contract |  | — |  |  | — |  |  | 36,949 |  |  | 36,949 |
Total |  | $ | 242,170 |  |  | $ | 165,070 |  |  | $ | 254,419 |  |  | $ | 661,659 |
Year Ended December 31, 2019 (a) |  |  |  |  |  |  |  |
Repair |  | $ | — |  |  | $ | 119,044 |  |  | $ | — |  |  | $ | 119,044 |
Distribution |  | 214,520 |  |  | 105,502 |  |  | — |  |  | 320,022 |
Cost Plus Contract |  | — |  |  | — |  |  | 144,600 |  |  | 144,600 |
Fixed Price Contract |  | — |  |  | — |  |  | 78,163 |  |  | 78,163 |
T&M Contract |  | — |  |  | — |  |  | 90,798 |  |  | 90,798 |
Total |  | $ | 214,520 |  |  | $ | 224,546 |  |  | $ | 313,561 |  |  | $ | 752,627 |
(a) Historical presentation has been realigned to conform to its current period presentation and did not affect the reported results of operations for each reported segment. Contract Balances Billed receivables, unbilled receivables (contract assets), and contract liabilities are the results of revenue recognition, customer billing, and timing of payment receipts. Billed receivables, net, represent unconditional rights to consideration under the terms of the contract and include amounts billed and currently due from our customers. Unbilled receivables represent our right to consideration in exchange for goods or services that we have transferred to the customer prior to us having the right to payment for such goods or services. Contract liabilities are recorded when customers remit contractual cash payments in advance of us satisfying performance obligations under contractual arrangements, including those with performance obligations to be satisfied over a period of time. We present our unbilled receivables and contract liabilities on a contract-by-contract basis. If a contract liability exists, it is netted against the unbilled receivables balance for that contract. Unbilled receivables increased to $31.9 million as of December 31, 2021 from $22.4 million as of December 31, 2020, primarily due to performance obligations satisfied in excess of billings and unbilled receivables acquired as part of the HSS acquisition. Contract liabilities, which are included in accrued expenses and other current liabilities in our consolidated balance sheet, were $7.1 million as of December 31, 2021 and $10.1 million as of December 31, 2020. For the year ended December 31, 2021 and 2020, we recognized revenue of $5.1 million and $2.2 million, respectively, that was previously included in the beginning balance of contract liabilities. Performance Obligations Our performance obligations are satisfied over time as work progresses or at a point in time. Revenues from products and services transferred to customers at a point in time accounted for approximately 54% and 49% of our revenues for the year ended December 31, 2021 and 2020, respectively. The majority of our revenue recognized at a point in time is for the sale of vehicle and aircraft parts in our Fleet and Aviation segments. Revenues from products and services transferred to customers over time accounted for approximately 46% and 51% of our revenues for the year ended December 31, 2021 and 2020, respectively, primarily related to revenues in our Federal and Defense segment and for MRO services in our Aviation segment. As of December 31, 2021, the aggregate amount of transaction prices allocated to unsatisfied or partially unsatisfied performance obligations was $185 million. Performance obligations expected to be satisfied within one year and greater than one year are 86% and 14%, respectively. We have applied the practical expedient for certain parts sales and MRO services to exclude the amount of remaining performance obligations for (i) contracts with an original expected term of one year or less or (ii) contracts for which we recognize revenue in proportion to the amount we have the right to invoice for services performed. During the year ended December 31, 2021, revenue recognized from performance obligations satisfied in prior periods was not material.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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