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Revenue Recognition
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
Note 4 – Revenue Recognition

Disaggregation of Revenue

The Company’s revenue is primarily comprised of product sales to customers. The Company has disaggregated revenue by geographic area and by segment as it most reasonably depicts the amount, timing and uncertainty of revenue and cash flows generated from our contracts with customers. Disaggregated consolidated revenue by geographic area (based on the location to which the product is shipped to):
Three Months Ended March 31,
(in thousands)20262025
United States$366,236 $357,132 
Canada69,293 67,630 
Europe17,806 13,831 
Pacific Rim9,516 7,772 
Latin America31,233 28,637 
Other2,498 3,681 
Intersegment revenue elimination(587)(654)
Total revenue$495,995 $478,029 

See Note 13 – Segment Information for disaggregation of revenue by segment.

Rental Revenue

TestEquity rents new and used electronic test and measurement equipment to customers in multiple industries. Lawson leases parts washer machines to customers. This leased equipment is included in Rental equipment, net in the Unaudited Condensed Consolidated Balance Sheets, and rental revenue is included in Revenue in the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). The unearned rental revenue related to customer prepayments on equipment leases was nominal at March 31, 2026 and December 31, 2025.
Rental revenue from operating leases:
Three Months Ended March 31,
(in thousands)20262025
Revenue from operating leases$7,694 $6,594