Revenue

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2024 and 2023 is as follows (in thousands):

	Three months ended September 30, 2024						Nine months ended September 30, 2024
	Aviation		Fleet		Total		Aviation		Fleet		Total
Commercial	$	202,786	$	44,828	$	247,614	$	552,066	$	135,911	$	687,977
Other government	856		25,143		25,999		6,787		86,347		93,134
Total	$	203,642	$	69,971	$	273,613	$	558,853	$	222,258	$	781,111

	Three months ended September 30, 2023						Nine months ended September 30, 2023
	Aviation		Fleet		Total		Aviation		Fleet		Total
Commercial	$	150,715	$	37,430	$	188,145	$	386,595	$	108,011	$	494,606
Other government	1,640		41,568		43,208		3,724		126,833		130,557
Total	$	152,355	$	78,998	$	231,353	$	390,319	$	234,844	$	625,163

A summary of revenues by type for each of our operating segments for the three and nine months ended September 30, 2024 and 2023 is as follows (in thousands):

	Three months ended September 30, 2024						Nine months ended September 30, 2024
	Aviation		Fleet		Total		Aviation		Fleet		Total
Repair	$	83,012	$	—	$	83,012	$	209,056	$	—	$	209,056
Distribution	120,630		69,971		190,601		349,797		222,258		572,055
Total	$	203,642	$	69,971	$	273,613	$	558,853	$	222,258	$	781,111

	Three months ended September 30, 2023						Nine months ended September 30, 2023
	Aviation		Fleet		Total		Aviation		Fleet		Total
Repair	$	44,713	$	—	$	44,713	$	112,328	$	—	$	112,328
Distribution	107,642		78,998		186,640		277,991		234,844		512,835
Total	$	152,355	$	78,998	$	231,353	$	390,319	$	234,844	$	625,163

Contract Balances

Contract balances were as follows (in thousands):

		September 30,		December 31,
	Financial Statement Classification	2024		2023
Billed and billable receivables	Receivables, net	$	162,665	$	127,958
Contract assets - unbilled receivables	Contract assets	$	29,549	$	8,049
Contract liabilities	Accrued expenses and other current liabilities	$	6,039	$	2,785

For the nine months ended September 30, 2024 and 2023, we recognized revenue that was previously included in the beginning balance of contract liabilities of $1.8 million and $0.9 million, respectively.