Revenue

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenues

The Company's revenues are derived from the delivery of products to its customers and from services performed for commercial and government customers.

A summary of revenues by customer for the three months ended March 31, 2025 and 2024 is as follows (in thousands):

	Three months ended March 31,
	2025		2024
Commercial	$	254,953	$	157,984
Government	1,092		4,399
Total	$	256,045	$	162,383

A summary of revenues by type for the three months ended March 31, 2025 and 2024 is as follows (in thousands):

	Three months ended March 31,
	2025		2024 (a)
Repair	$	95,494	$	54,360
Distribution	160,551		108,023
Total	$	256,045	$	162,383
(a) Certain revenue amounts in the prior year have been reclassified to conform to current presentation of revenue type categories.

Contract Balances

Contract balances were as follows (in thousands):

		March 31,		December 31,
	Financial Statement Classification	2025		2024
Billed and billable receivables	Receivables, net	$	169,532	$	158,104
Contract assets - unbilled receivables	Contract assets	$	30,879	$	29,960
Contract liabilities	Accrued expenses and other current liabilities	$	3,088	$	4,479

For the three months ended March 31, 2025 and 2024, the Company recognized revenue that was previously included in the beginning balance of contract liabilities of $2.4 million and $1.4 million, respectively.