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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | A summary of revenues by customer for each of our operating segments for the three and nine months ended September 30, 2024 and 2023 is as follows (in thousands):
|  | Three months ended September 30, 2024 |  | Nine months ended September 30, 2024
|  | Aviation |  | Fleet |  | Total |  | Aviation |  | Fleet |  | Total
Commercial |  | $ | 202,786 |  |  | $ | 44,828 |  |  | $ | 247,614 |  |  | $ | 552,066 |  |  | $ | 135,911 |  |  | $ | 687,977 |
Other government |  | 856 |  |  | 25,143 |  |  | 25,999 |  |  | 6,787 |  |  | 86,347 |  |  | 93,134 |
Total |  | $ | 203,642 |  |  | $ | 69,971 |  |  | $ | 273,613 |  |  | $ | 558,853 |  |  | $ | 222,258 |  |  | $ | 781,111 |
|  | Three months ended September 30, 2023 |  | Nine months ended September 30, 2023
|  | Aviation |  | Fleet |  | Total |  | Aviation |  | Fleet |  | Total
Commercial |  | $ | 150,715 |  |  | $ | 37,430 |  |  | $ | 188,145 |  |  | $ | 386,595 |  |  | $ | 108,011 |  |  | $ | 494,606 |
Other government |  | 1,640 |  |  | 41,568 |  |  | 43,208 |  |  | 3,724 |  |  | 126,833 |  |  | 130,557 |
Total |  | $ | 152,355 |  |  | $ | 78,998 |  |  | $ | 231,353 |  |  | $ | 390,319 |  |  | $ | 234,844 |  |  | $ | 625,163 |
A summary of revenues by type for each of our operating segments for the three and nine months ended September 30, 2024 and 2023 is as follows (in thousands):
|  | Three months ended September 30, 2024 |  | Nine months ended September 30, 2024
|  | Aviation |  | Fleet |  | Total |  | Aviation |  | Fleet |  | Total
Repair |  | $ | 83,012 |  |  | $ | — |  |  | $ | 83,012 |  |  | $ | 209,056 |  |  | $ | — |  |  | $ | 209,056 |
Distribution |  | 120,630 |  |  | 69,971 |  |  | 190,601 |  |  | 349,797 |  |  | 222,258 |  |  | 572,055 |
Total |  | $ | 203,642 |  |  | $ | 69,971 |  |  | $ | 273,613 |  |  | $ | 558,853 |  |  | $ | 222,258 |  |  | $ | 781,111 |
|  | Three months ended September 30, 2023 |  | Nine months ended September 30, 2023
|  | Aviation |  | Fleet |  | Total |  | Aviation |  | Fleet |  | Total
Repair |  | $ | 44,713 |  |  | $ | — |  |  | $ | 44,713 |  |  | $ | 112,328 |  |  | $ | — |  |  | $ | 112,328 |
Distribution |  | 107,642 |  |  | 78,998 |  |  | 186,640 |  |  | 277,991 |  |  | 234,844 |  |  | 512,835 |
Total |  | $ | 152,355 |  |  | $ | 78,998 |  |  | $ | 231,353 |  |  | $ | 390,319 |  |  | $ | 234,844 |  |  | $ | 625,163 |
Contract balances were as follows (in thousands):
|  |  |  | September 30, |  | December 31,
|  | Financial Statement Classification |  | 2024 |  | 2023
Billed and billable receivables |  | Receivables, net |  | $ | 162,665 |  |  | $ | 127,958 |
Contract assets - unbilled receivables |  | Contract assets |  | $ | 29,549 |  |  | $ | 8,049 |
Contract liabilities |  | Accrued expenses and other current liabilities |  | $ | 6,039 |  |  | $ | 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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