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Revenue Recognition
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
(in thousands)2026202520262025
United States$405,018 $371,138 $771,254 $728,270 
Canada83,553 74,337 152,846 141,967 
Europe19,618 16,121 37,424 29,952 
Pacific Rim12,226 7,621 21,742 15,393 
Latin America34,117 29,842 65,350 58,479 
Other3,823 3,959 6,321 7,640 
Intersegment revenue elimination(621)(581)(1,208)(1,235)
Total revenue$557,734 $502,437 $1,053,729 $980,466 

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 June 30, 2026 and December 31, 2025.

Rental revenue from operating leases:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Revenue from operating leases$7,141 $6,636 $14,835 $13,230