| Disaggregation of Revenue |
A summary of revenues by customer for our each of our operating segments for the three months ended March 31, 2023 and 2022 is as follows (in thousands):
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|
|
|
|
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|
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|
Three months ended March 31, 2023 |
|
|
Aviation |
|
Fleet |
|
Federal and Defense |
|
Total |
| Commercial |
|
$ |
112,060 |
|
|
$ |
32,544 |
|
|
$ |
154 |
|
|
$ |
144,758 |
|
| DoD |
|
— |
|
|
— |
|
|
54,579 |
|
|
54,579 |
|
| Other government |
|
1,175 |
|
|
42,808 |
|
|
12,113 |
|
|
56,096 |
|
| Total |
|
$ |
113,235 |
|
|
$ |
75,352 |
|
|
$ |
66,846 |
|
|
$ |
255,433 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
Three months ended March 31, 2022 |
|
|
Aviation |
|
Fleet |
|
Federal and Defense |
|
Total |
| Commercial |
|
$ |
91,912 |
|
|
$ |
27,856 |
|
|
$ |
92 |
|
|
$ |
119,860 |
|
| DoD |
|
— |
|
|
1,729 |
|
|
50,395 |
|
|
52,124 |
|
| Other government |
|
1,378 |
|
|
37,445 |
|
|
20,432 |
|
|
59,255 |
|
| Total |
|
$ |
93,290 |
|
|
$ |
67,030 |
|
|
$ |
70,919 |
|
|
$ |
231,239 |
|
A summary of revenues by type for our each of our operating segments for the three months ended March 31, 2023 and 2022 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
Three months ended March 31, 2023 |
|
|
Aviation |
|
Fleet |
|
Federal and Defense |
|
Total |
| Repair |
|
$ |
32,054 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
32,054 |
|
| Distribution |
|
81,181 |
|
|
75,352 |
|
|
— |
|
|
156,533 |
|
| Cost Plus Contract |
|
— |
|
|
— |
|
|
33,901 |
|
|
33,901 |
|
| Fixed Price Contract |
|
— |
|
|
— |
|
|
24,682 |
|
|
24,682 |
|
| T&M Contract |
|
— |
|
|
— |
|
|
8,263 |
|
|
8,263 |
|
| Total |
|
$ |
113,235 |
|
|
$ |
75,352 |
|
|
$ |
66,846 |
|
|
$ |
255,433 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
Three months ended March 31, 2022 |
|
|
Aviation |
|
Fleet |
|
Federal and Defense(1)
|
|
Total |
| Repair |
|
$ |
22,363 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
22,363 |
|
| Distribution |
|
70,927 |
|
|
67,030 |
|
|
— |
|
|
137,957 |
|
| Cost Plus Contract |
|
— |
|
|
— |
|
|
30,577 |
|
|
30,577 |
|
| Fixed Price Contract |
|
— |
|
|
— |
|
|
24,482 |
|
|
24,482 |
|
| T&M Contract |
|
— |
|
|
— |
|
|
15,860 |
|
|
15,860 |
|
| Total |
|
$ |
93,290 |
|
|
$ |
67,030 |
|
|
$ |
70,919 |
|
|
$ |
231,239 |
|
| (1) In the fourth quarter of fiscal 2022, we reclassified revenues associated with a certain program within our Federal and Defense Segment from T&M to Fixed Price contract type. Prior year amounts have been reclassified to conform with current year presentation. |
Contract balances were as follows (in thousands):
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March 31, |
|
December 31, |
|
|
Financial Statement Classification |
|
2023 |
|
2022 |
| Contract assets |
|
Unbilled receivables |
|
35,884 |
|
|
38,307 |
|
| Contract liabilities |
|
Accrued expenses and other current liabilities |
|
7,953 |
|
|
6,402 |
|
|