| Disaggregation of Revenue |
A summary of revenues by customer for each of our operating segments for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):
|
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| Year Ended December 31, 2023 |
Aviation |
|
Fleet |
|
Total |
| 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 |
|
|
|
|
|
|
|
| Year Ended December 31, 2021 |
|
|
|
|
|
| Commercial |
$ |
245,380 |
|
|
$ |
73,606 |
|
|
$ |
318,986 |
|
| DoD |
— |
|
|
12,689 |
|
|
12,689 |
|
| Other government |
2,472 |
|
|
147,237 |
|
|
149,709 |
|
| Total |
$ |
247,852 |
|
|
$ |
233,532 |
|
|
$ |
481,384 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year Ended December 31, 2023 |
Aviation |
|
Fleet |
|
Total |
| 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 |
|
|
|
|
|
|
|
| Year Ended December 31, 2021 |
|
|
|
|
|
| Repair |
$ |
75,725 |
|
|
$ |
— |
|
|
$ |
75,725 |
|
| Distribution |
172,127 |
|
|
233,532 |
|
|
405,659 |
|
| Total |
$ |
247,852 |
|
|
$ |
233,532 |
|
|
$ |
481,384 |
|
Contract Balances
Contract balances were as follows (in thousands):
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As of December 31, |
|
|
Financial Statement Classification |
|
2023 |
|
2022 |
Billed and billable receivables |
|
Receivables, net (a)
|
|
$ |
127,958 |
|
|
$ |
90,599 |
|
Contract assets - unbilled receivables |
|
Contract assets |
|
$ |
8,049 |
|
|
$ |
7,409 |
|
| Contract liabilities |
|
Accrued expenses and other current liabilities |
|
$ |
2,785 |
|
|
$ |
963 |
|
(a) Net of allowance of $3.4 million and $2.0 million as of December 31, 2023 and 2022, respectively.
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