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Revenue (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | A summary of revenues by customer for each of our operating segments for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands):
|  | Three months ended June 30, 2024 |  | Six months ended June 30, 2024
|  | Aviation |  | Fleet |  | Total |  | Aviation |  | Fleet |  | Total
Commercial |  | $ | 191,296 |  |  | $ | 46,484 |  |  | $ | 237,780 |  |  | $ | 349,280 |  |  | $ | 91,083 |  |  | $ | 440,363 |
Other government |  | 1,532 |  |  | 26,647 |  |  | 28,179 |  |  | 5,931 |  |  | 61,204 |  |  | 67,135 |
Total |  | $ | 192,828 |  |  | $ | 73,131 |  |  | $ | 265,959 |  |  | $ | 355,211 |  |  | $ | 152,287 |  |  | $ | 507,498 |
|  | Three months ended June 30, 2023 |  | Six months ended June 30, 2023
|  | Aviation |  | Fleet |  | Total |  | Aviation |  | Fleet |  | Total
Commercial |  | $ | 123,820 |  |  | $ | 38,037 |  |  | $ | 161,857 |  |  | $ | 235,880 |  |  | $ | 70,581 |  |  | $ | 306,461 |
Other government |  | 909 |  |  | 42,457 |  |  | 43,366 |  |  | 2,084 |  |  | 85,265 |  |  | 87,349 |
Total |  | $ | 124,729 |  |  | $ | 80,494 |  |  | $ | 205,223 |  |  | $ | 237,964 |  |  | $ | 155,846 |  |  | $ | 393,810 |
A summary of revenues by type for each of our operating segments for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands):
|  | Three months ended June 30, 2024 |  | Six months ended June 30, 2024
|  | Aviation |  | Fleet |  | Total |  | Aviation |  | Fleet |  | Total
Repair |  | $ | 75,370 |  |  | $ | — |  |  | $ | 75,370 |  |  | $ | 126,044 |  |  | $ | — |  |  | $ | 126,044 |
Distribution |  | 117,458 |  |  | 73,131 |  |  | 190,589 |  |  | 229,167 |  |  | 152,287 |  |  | 381,454 |
Total |  | $ | 192,828 |  |  | $ | 73,131 |  |  | $ | 265,959 |  |  | $ | 355,211 |  |  | $ | 152,287 |  |  | $ | 507,498 |
|  | Three months ended June 30, 2023 |  | Six months ended June 30, 2023
|  | Aviation |  | Fleet |  | Total |  | Aviation |  | Fleet |  | Total
Repair |  | $ | 35,561 |  |  | $ | — |  |  | $ | 35,561 |  |  | $ | 67,615 |  |  | $ | — |  |  | $ | 67,615 |
Distribution |  | 89,168 |  |  | 80,494 |  |  | 169,662 |  |  | 170,349 |  |  | 155,846 |  |  | 326,195 |
Total |  | $ | 124,729 |  |  | $ | 80,494 |  |  | $ | 205,223 |  |  | $ | 237,964 |  |  | $ | 155,846 |  |  | $ | 393,810 |
Contract balances were as follows (in thousands):
|  |  |  | June 30, |  | December 31,
|  | Financial Statement Classification |  | 2024 |  | 2023
Billed and billable receivables |  | Receivables, net |  | $ | 168,238 |  |  | $ | 127,958 |
Contract assets - unbilled receivables |  | Contract assets |  | $ | 28,575 |  |  | $ | 8,049 |
Contract liabilities |  | Accrued expenses and other current liabilities |  | $ | 3,138 |  |  | $ | 2,785 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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