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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | A summary of revenues by customer for each of our operating segments is as follows (in thousands):
Year Ended December 31, 2024 | Aviation |  | Fleet |  | Total
Commercial | $ | 779,008 |  |  | $ | 178,509 |  |  | $ | 957,517 |
Other government | 7,248 |  |  | 115,367 |  |  | 122,615 |
Total | $ | 786,256 |  |  | $ | 293,876 |  |  | $ | 1,080,132 |
Year Ended December 31, 2023 |  |  |  |  |
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 |
A summary of revenues by type for each of our operating segments is as follows (in thousands):
Year Ended December 31, 2024 | Aviation |  | Fleet |  | Total
Repair | $ | 293,063 |  |  | $ | — |  |  | $ | 293,063 |
Distribution | 493,193 |  |  | 293,876 |  |  | 787,069 |
Total | $ | 786,256 |  |  | $ | 293,876 |  |  | $ | 1,080,132 |
Year Ended December 31, 2023 |  |  |  |  |
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 |
Contract Balances Contract balances were as follows (in thousands):
|  |  |  | As of December 31,
|  | Financial Statement Classification |  | 2024 |  | 2023
Billed and billable receivables |  | Receivables, net (a) |  | $ | 197,563 |  |  | $ | 127,958 |
Contract assets - unbilled receivables |  | Contract assets |  | $ | 29,960 |  |  | $ | 8,049 |
Contract liabilities |  | Accrued expenses and other current liabilities |  | $ | 4,479 |  |  | $ | 2,785 |
(a) Net of allowance of $6.5 million and $3.4 million as of December 31, 2024 and 2023, respectively. |  |  |  |

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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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