Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

A summary of revenues by customer for each of our operating segments is as follows (in thousands):

Year Ended December 31, 2024	Aviation		Fleet		Total
Commercial	$	779,008	$	178,509	$	957,517
Other government	7,248		115,367		122,615
Total	$	786,256	$	293,876	$	1,080,132
Year Ended December 31, 2023
Commercial	$	539,592	$	150,835	$	690,427
DoD	—		209		209
Other government	4,428		165,424		169,852
Total	$	544,020	$	316,468	$	860,488
Year Ended December 31, 2022
Commercial	$	403,155	$	104,162	$	507,317
DoD	—		3,286		3,286
Other government	4,957		153,888		158,845
Total	$	408,112	$	261,336	$	669,448

A summary of revenues by type for each of our operating segments is as follows (in thousands):

Year Ended December 31, 2024	Aviation		Fleet		Total
Repair	$	293,063	$	—	$	293,063
Distribution	493,193		293,876		787,069
Total	$	786,256	$	293,876	$	1,080,132
Year Ended December 31, 2023
Repair	$	157,154	$	—	$	157,154
Distribution	386,866		316,468		703,334
Total	$	544,020	$	316,468	$	860,488
Year Ended December 31, 2022
Repair	$	107,399	$	—	$	107,399
Distribution	300,713		261,336		562,049
Total	$	408,112	$	261,336	$	669,448

Contract Balances

Contract balances were as follows (in thousands):

		As of December 31,
	Financial Statement Classification	2024		2023
Billed and billable receivables	Receivables, net (a)	$	197,563	$	127,958
Contract assets - unbilled receivables	Contract assets	$	29,960	$	8,049
Contract liabilities	Accrued expenses and other current liabilities	$	4,479	$	2,785
(a) Net of allowance of $6.5 million and $3.4 million as of December 31, 2024 and 2023, respectively.