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Revenue Recognition | 12 Months Ended
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Dec. 31, 2023
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 and government customers. A summary of revenues by customer for each of our operating segments for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):
Year Ended December 31, 2023 | Aviation |  | Fleet |  | Total
Commercial | $ | 539,592 |  |  | $ | 150,835 |  |  | $ | 690,427 |
DoD | — |  |  | 209 |  |  | 209 |
Other government | 4,428 |  |  | 165,424 |  |  | 169,852 |
Total | $ | 544,020 |  |  | $ | 316,468 |  |  | $ | 860,488 |
Year Ended December 31, 2022 |  |  |  |  |
Commercial | $ | 403,155 |  |  | $ | 104,162 |  |  | $ | 507,317 |
DoD | — |  |  | 3,286 |  |  | 3,286 |
Other government | 4,957 |  |  | 153,888 |  |  | 158,845 |
Total | $ | 408,112 |  |  | $ | 261,336 |  |  | $ | 669,448 |
Year Ended December 31, 2021 |  |  |  |  |
Commercial | $ | 245,380 |  |  | $ | 73,606 |  |  | $ | 318,986 |
DoD | — |  |  | 12,689 |  |  | 12,689 |
Other government | 2,472 |  |  | 147,237 |  |  | 149,709 |
Total | $ | 247,852 |  |  | $ | 233,532 |  |  | $ | 481,384 |
A summary of revenues by type for each of our operating segments for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):
Year Ended December 31, 2023 | Aviation |  | Fleet |  | Total
Repair | $ | 157,154 |  |  | $ | — |  |  | $ | 157,154 |
Distribution | 386,866 |  |  | 316,468 |  |  | 703,334 |
Total | $ | 544,020 |  |  | $ | 316,468 |  |  | $ | 860,488 |
Year Ended December 31, 2022 |  |  |  |  |
Repair | $ | 107,399 |  |  | $ | — |  |  | $ | 107,399 |
Distribution | 300,713 |  |  | 261,336 |  |  | 562,049 |
Total | $ | 408,112 |  |  | $ | 261,336 |  |  | $ | 669,448 |
Year Ended December 31, 2021 |  |  |  |  |
Repair | $ | 75,725 |  |  | $ | — |  |  | $ | 75,725 |
Distribution | 172,127 |  |  | 233,532 |  |  | 405,659 |
Total | $ | 247,852 |  |  | $ | 233,532 |  |  | $ | 481,384 |
Contract Balances Contract balances were as follows (in thousands):
|  |  |  | As of December 31,
|  | Financial Statement Classification |  | 2023 |  | 2022
Billed and billable receivables |  | Receivables, net (a) |  | $ | 127,958 |  |  | $ | 90,599 |
Contract assets - unbilled receivables |  | Contract assets |  | $ | 8,049 |  |  | $ | 7,409 |
Contract liabilities |  | Accrued expenses and other current liabilities |  | $ | 2,785 |  |  | $ | 963 |
(a) Net of allowance of $3.4 million and $2.0 million as of December 31, 2023 and 2022, respectively. |  |  |  |
During fiscal 2023 and 2022, respectively, we recognized $0.9 million and $0.8 million of revenue that was included in a previously recorded contract liability as of the beginning of the period. Performance Obligations We applied the practical expedient for our 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.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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