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Revenue | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Disaggregation of Revenues The Company's revenues are derived from the delivery of products to its customers and from services performed for commercial and government customers. A summary of revenues by customer for the three months ended March 31, 2025 and 2024 is as follows (in thousands):
|  |  |  | Three months ended March 31,
|  |  |  |  |  |  |  | 2025 |  | 2024
Commercial |  |  |  |  |  |  |  | $ | 254,953 |  |  | $ | 157,984 |
Government |  |  |  |  |  |  |  | 1,092 |  |  | 4,399 |
Total |  |  |  |  |  |  |  | $ | 256,045 |  |  | $ | 162,383 |
A summary of revenues by type for the three months ended March 31, 2025 and 2024 is as follows (in thousands):
|  |  |  | Three months ended March 31,
|  |  |  |  |  |  |  | 2025 |  | 2024 (a)
Repair |  |  |  |  |  |  |  | $ | 95,494 |  |  | $ | 54,360 |
Distribution |  |  |  |  |  |  |  | 160,551 |  |  | 108,023 |
Total |  |  |  |  |  |  |  | $ | 256,045 |  |  | $ | 162,383 |
(a) Certain revenue amounts in the prior year have been reclassified to conform to current presentation of revenue type categories.
Contract Balances Contract balances were as follows (in thousands):
|  |  |  | March 31, |  | December 31,
|  | Financial Statement Classification |  | 2025 |  | 2024
Billed and billable receivables |  | Receivables, net |  | $ | 169,532 |  |  | $ | 158,104 |
Contract assets - unbilled receivables |  | Contract assets |  | $ | 30,879 |  |  | $ | 29,960 |
Contract liabilities |  | Accrued expenses and other current liabilities |  | $ | 3,088 |  |  | $ | 4,479 |
For the three months ended March 31, 2025 and 2024, the Company recognized revenue that was previously included in the beginning balance of contract liabilities of $2.4 million and $1.4 million, respectively.

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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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