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Revenue Recognition | 12 Months Ended
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Dec. 31, 2022
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, the DoD, and various other government agencies. A summary of revenues by customer for each of our operating segments for the years ended December 31, 2022, 2021 and 2020 were as follows (in thousands):
Year Ended December 31, 2022 |  | Fleet |  | Aviation |  | Federal and Defense |  | Total
Commercial |  | $ | 104,162 |  |  | $ | 403,155 |  |  | $ | 583 |  |  | $ | 507,900 |
DoD |  | 3,286 |  |  | — |  |  | 224,436 |  |  | 227,722 |
Other government |  | 153,888 |  |  | 4,957 |  |  | 55,295 |  |  | 214,140 |
Total |  | $ | 261,336 |  |  | $ | 408,112 |  |  | $ | 280,314 |  |  | $ | 949,762 |
Year Ended December 31, 2021 |  |  |  |  |  |  |  |
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 |
A summary of revenues by type for each of our operating segments for the year ended December 31, 2022, 2021 and 2020 were as follows (in thousands):
Year Ended December 31, 2022 |  | Fleet |  | Aviation |  | Federal and Defense |  | Total
Repair |  | $ | — |  |  | $ | 107,399 |  |  | $ | — |  |  | $ | 107,399 |
Distribution |  | 261,336 |  |  | 300,713 |  |  | — |  |  | 562,049 |
Cost Plus Contract |  | — |  |  | — |  |  | 139,958 |  |  | 139,958 |
Fixed Price Contract |  | — |  |  | — |  |  | 98,674 |  |  | 98,674 |
T&M Contract |  | — |  |  | — |  |  | 41,682 |  |  | 41,682 |
Total |  | $ | 261,336 |  |  | $ | 408,112 |  |  | $ | 280,314 |  |  | $ | 949,762 |
Year Ended December 31, 2021 |  |  |  |  |  |  |  |
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 |
Contract Balances Receivables, net, represent rights to consideration, which are unconditional other than the passage of time. A contract asset is a right to consideration that is conditional upon factors other than the passage of time. Contract assets include unbilled receivables and contract retentions but exclude billed receivables. Contract liabilities include customer advances, billings in excess of revenues and deferred revenue. Contract assets and liabilities are recorded net on a contract-by-contract basis and are generally classified as current based on our contract operating cycle. Receivables, net and unbilled receivables as of December 31, 2022 and 2021, respectively, were as follows (in thousands):
| 2022 |  | 2021
Receivables, net(1) | $ | 103,193 |  |  | $ | 76,587 |
Unbilled receivables | 38,307 |  |  | 31,882 |
Total | $ | 141,500 |  |  | $ | 108,469 |
(1) Net of allowance of $2.1 million and $1.7 million as of December 31, 2022 and 2021, respectively. |  |  |
Unbilled receivables increased to $38.3 million as of December 31, 2022 from $31.9 million as of December 31, 2021, primarily due to revenue recognized in excess of billings. Contract liabilities, which are included in accrued expenses and other current liabilities in our consolidated balance sheet, were $6.4 million as of December 31, 2022 and $7.1 million as of December 31, 2021. For the year ended December 31, 2022 and 2021, we recognized revenue of $3.9 million and $5.1 million, respectively, that was previously included in the beginning balance of contract liabilities. 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. Revenue recognized at a point in time accounted for approximately 59% and 54% of our revenues for the year ended December 31, 2022 and 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 recognized over time accounted for approximately 41% and 46% of our revenues for the year ended December 31, 2022 and 2021, respectively. As of December 31, 2022, the aggregate amount of transaction prices allocated to unsatisfied or partially unsatisfied performance obligations was $187 million. Performance obligations expected to be satisfied within one year and greater than one year are 97% and 3%, 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, 2022, 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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