Revenue

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregation of Revenues

The Company's revenues are derived from the delivery of products to and services performed for its commercial and government customers. A summary of revenues by customer for the three and nine months ended September 30, 2025 and 2024 is as follows (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Commercial	$	282,421	$	202,786	$	808,662	$	552,066
Government	488		856		2,431		6,787
Total	$	282,909	$	203,642	$	811,093	$	558,853

A summary of revenues by type for the three and nine months ended September 30, 2025 and 2024 is as follows (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2025		2024 (a)		2025		2024 (a)
Repair	$	106,874	$	85,279	$	300,904	$	217,019
Distribution	176,035		118,363		510,189		341,834
Total	$	282,909	$	203,642	$	811,093	$	558,853
(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):

		September 30,		December 31,
	Financial Statement Classification	2025		2024
Billed and billable receivables	Receivables, net	$	176,399	$	158,104
Contract assets - unbilled receivables	Contract assets	$	34,027	$	29,960
Contract liabilities	Accrued expenses and other current liabilities	$	6,559	$	4,479

During the nine months ended September 30, 2025 and 2024, the Company recognized revenue that was previously included in the beginning balance of contract liabilities of $3.1 million and $1.8 million, respectively.