Revenue

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenues

Our revenues are derived from the delivery of products to our customers and from services performed for commercial and government customers.

A summary of revenues by customer for each of our operating segments for the three months ended March 31, 2024 and 2023 is as follows (in thousands):

	Three months ended March 31, 2024
	Aviation		Fleet		Total
Commercial	$	157,984	$	44,599	$	202,583
Other government	4,399		34,557		38,956
Total	$	162,383	$	79,156	$	241,539

	Three months ended March 31, 2023
	Aviation		Fleet		Total
Commercial	$	112,060	$	32,544	$	144,604
Other government	1,175		42,808		43,983
Total	$	113,235	$	75,352	$	188,587

A summary of revenues by type for each of our operating segments for the three months ended March 31, 2024 and 2023 is as follows (in thousands):

	Three months ended March 31, 2024
	Aviation		Fleet		Total
Repair	$	50,674	$	—	$	50,674
Distribution	111,709		79,156		190,865
Total	$	162,383	$	79,156	$	241,539

	Three months ended March 31, 2023
	Aviation		Fleet		Total
Repair	$	32,054	$	—	$	32,054
Distribution	81,181		75,352		156,533
Total	$	113,235	$	75,352	$	188,587

Contract Balances

Contract balances were as follows (in thousands):

		March 31,		December 31,
	Financial Statement Classification	2024		2023
Billed and billable receivables	Receivables, net	$	145,427	$	127,958
Contract assets - unbilled receivables	Contract assets	$	10,800	$	8,049
Contract liabilities	Accrued expenses and other current liabilities	$	3,196	$	2,785

For the three months ended March 31, 2024 and 2023, we recognized revenue that was previously included in the beginning balance of contract liabilities of $1.4 million and $0.7 million, respectively.