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Revenue | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Disaggregation of Revenues Our revenues are derived from the delivery of products to our customers and from services performed for commercial customers, various government agencies, the United States Department of Defense ("DoD") or federal civilian agencies. Revenues by customer for each of our operating segments for the three and nine months ended September 30, 2022 were as follows (in thousands):
|  | Three months ended September 30, 2022
|  | Aviation |  | Fleet |  | Federal and Defense |  | Total
Commercial |  | $ | 101,735 |  |  | $ | 25,394 |  |  | $ | 129 |  |  | $ | 127,258 |
DoD |  | — |  |  | 183 |  |  | 60,550 |  |  | 60,733 |
Other government |  | 890 |  |  | 39,177 |  |  | 14,429 |  |  | 54,496 |
Total |  | $ | 102,625 |  |  | $ | 64,754 |  |  | $ | 75,108 |  |  | $ | 242,487 |
|  | Nine months ended September 30, 2022
|  | Aviation |  | Fleet |  | Federal and Defense |  | Total
Commercial |  | $ | 296,996 |  |  | $ | 79,257 |  |  | $ | 387 |  |  | $ | 376,640 |
DoD |  | — |  |  | 3,176 |  |  | 170,205 |  |  | 173,381 |
Other government |  | 3,938 |  |  | 114,093 |  |  | 47,387 |  |  | 165,418 |
Total |  | $ | 300,934 |  |  | $ | 196,526 |  |  | $ | 217,979 |  |  | $ | 715,439 |
Revenues by customer for each of our operating segments for the three and nine months ended September 30, 2021 were as follows (in thousands):
|  | Three months ended September 30, 2021
|  | Aviation |  | Fleet |  | Federal and Defense |  | Total
Commercial |  | $ | 72,542 |  |  | $ | 20,690 |  |  | $ | 931 |  |  | $ | 94,163 |
DoD |  | — |  |  | 2,739 |  |  | 58,123 |  |  | 60,862 |
Other government |  | 582 |  |  | 36,839 |  |  | 8,136 |  |  | 45,557 |
Total |  | $ | 73,124 |  |  | $ | 60,268 |  |  | $ | 67,190 |  |  | $ | 200,582 |
|  | Nine months ended September 30, 2021
|  | Aviation |  | Fleet |  | Federal and Defense |  | Total
Commercial |  | $ | 164,353 |  |  | $ | 52,757 |  |  | $ | 1,434 |  |  | $ | 218,544 |
DoD |  | — |  |  | 10,517 |  |  | 162,984 |  |  | 173,501 |
Other government |  | 657 |  |  | 109,798 |  |  | 38,175 |  |  | 148,630 |
Total |  | $ | 165,010 |  |  | $ | 173,072 |  |  | $ | 202,593 |  |  | $ | 540,675 |
Revenues by type for each of our operating segments for the three and nine months ended September 30, 2022 were as follows (in thousands):
|  | Three months ended September 30, 2022
|  | Aviation |  | Fleet |  | Federal and Defense |  | Total
Repair |  | $ | 28,979 |  |  | $ | — |  |  | $ | — |  |  | $ | 28,979 |
Distribution |  | 73,646 |  |  | 64,754 |  |  | — |  |  | 138,400 |
Cost Plus Contract |  | — |  |  | — |  |  | 40,158 |  |  | 40,158 |
Fixed Price Contract |  | — |  |  | — |  |  | 18,430 |  |  | 18,430 |
T&M Contract |  | — |  |  | — |  |  | 16,520 |  |  | 16,520 |
Total |  | $ | 102,625 |  |  | $ | 64,754 |  |  | $ | 75,108 |  |  | $ | 242,487 |
|  | Nine months ended September 30, 2022
|  | Aviation |  | Fleet |  | Federal and Defense |  | Total
Repair |  | $ | 77,308 |  |  | $ | — |  |  | $ | — |  |  | $ | 77,308 |
Distribution |  | 223,626 |  |  | 196,526 |  |  | — |  |  | 420,152 |
Cost Plus Contract |  | — |  |  | — |  |  | 105,290 |  |  | 105,290 |
Fixed Price Contract |  | — |  |  | — |  |  | 59,069 |  |  | 59,069 |
T&M Contract |  | — |  |  | — |  |  | 53,620 |  |  | 53,620 |
Total |  | $ | 300,934 |  |  | $ | 196,526 |  |  | $ | 217,979 |  |  | $ | 715,439 |
Revenues by type for each of our operating segments for the three and nine months ended September 30, 2021 were as follows (in thousands):
|  | Three months ended September 30, 2021
|  | Aviation |  | Fleet |  | Federal and Defense |  | Total
Repair |  | $ | 18,714 |  |  | $ | — |  |  | $ | — |  |  | $ | 18,714 |
Distribution |  | 54,410 |  |  | 60,268 |  |  | — |  |  | 114,678 |
Cost Plus Contract |  | — |  |  | — |  |  | 26,775 |  |  | 26,775 |
Fixed Price Contract |  | — |  |  | — |  |  | 25,729 |  |  | 25,729 |
T&M Contract |  | — |  |  | — |  |  | 14,686 |  |  | 14,686 |
Total |  | $ | 73,124 |  |  | $ | 60,268 |  |  | $ | 67,190 |  |  | $ | 200,582 |
|  | Nine months ended September 30, 2021
|  | Aviation |  | Fleet |  | Federal and Defense |  | Total
Repair |  | $ | 56,051 |  |  | $ | — |  |  | $ | — |  |  | $ | 56,051 |
Distribution |  | 108,959 |  |  | 173,072 |  |  | — |  |  | 282,031 |
Cost Plus Contract |  | — |  |  | — |  |  | 65,139 |  |  | 65,139 |
Fixed Price Contract |  | — |  |  | — |  |  | 82,090 |  |  | 82,090 |
T&M Contract |  | — |  |  | — |  |  | 55,364 |  |  | 55,364 |
Total |  | $ | 165,010 |  |  | $ | 173,072 |  |  | $ | 202,593 |  |  | $ | 540,675 |
Contract Balances Unbilled receivables (contract assets) 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 related 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 were $44.1 million as of September 30, 2022 and $31.9 million as of December 31, 2021. Contract liabilities, which are included in accrued expenses and other current liabilities in our consolidated balance sheets, were $7.7 million as of September 30, 2022 and $7.1 million as of December 31, 2021. For the nine months ended September 30, 2022 and 2021, we recognized revenue that was previously included in the beginning balance of contract liabilities of $2.7 million. Performance Obligations Our performance obligations are satisfied either at a point in time or over time as work progresses. Revenues from products and services transferred to customers at a point in time are primarily related to the sales of vehicle and aircraft parts in our Fleet and Aviation segments. Revenues from products and services transferred to customers at a point in time accounted for approximately 57% and 59% of our revenues for the three and nine months ended September 30, 2022, respectively, and approximately 57% and 52% for the three and nine months ended September 30, 2021, respectively. Revenues from products and services transferred to customers over time are primarily related to revenues in our Federal and Defense segment and MRO services in our Aviation segment. Revenues from products and services transferred to customers over time accounted for approximately 43% and 41% of our revenues for the three and nine months ended September 30, 2022, respectively, and 43% and 48% of our revenues for the three and nine months ended September 30, 2021, respectively. As of September 30, 2022, the aggregate amount of transaction prices allocated to unsatisfied or partially unsatisfied performance obligations was $199 million. The performance obligations expected to be satisfied within one year and greater than one year are 96% and 4%, 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 nine months ended September 30, 2022 and 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 https://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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
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