| Disaggregation of Revenue |
A summary of revenues by customer for each of our operating segments for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2024 |
|
Six months ended June 30, 2024 |
|
|
Aviation |
|
Fleet |
|
Total |
|
Aviation |
|
Fleet |
|
Total |
| Commercial |
|
$ |
191,296 |
|
|
$ |
46,484 |
|
|
$ |
237,780 |
|
|
$ |
349,280 |
|
|
$ |
91,083 |
|
|
$ |
440,363 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other government |
|
1,532 |
|
|
26,647 |
|
|
28,179 |
|
|
5,931 |
|
|
61,204 |
|
|
67,135 |
|
| Total |
|
$ |
192,828 |
|
|
$ |
73,131 |
|
|
$ |
265,959 |
|
|
$ |
355,211 |
|
|
$ |
152,287 |
|
|
$ |
507,498 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2023 |
|
Six months ended June 30, 2023 |
|
|
Aviation |
|
Fleet |
|
Total |
|
Aviation |
|
Fleet |
|
Total |
| Commercial |
|
$ |
123,820 |
|
|
$ |
38,037 |
|
|
$ |
161,857 |
|
|
$ |
235,880 |
|
|
$ |
70,581 |
|
|
$ |
306,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other government |
|
909 |
|
|
42,457 |
|
|
43,366 |
|
|
2,084 |
|
|
85,265 |
|
|
87,349 |
|
| Total |
|
$ |
124,729 |
|
|
$ |
80,494 |
|
|
$ |
205,223 |
|
|
$ |
237,964 |
|
|
$ |
155,846 |
|
|
$ |
393,810 |
|
A summary of revenues by type for each of our operating segments for the three and six months ended June 30, 2024 and 2023 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2024 |
|
Six months ended June 30, 2024 |
|
|
Aviation |
|
Fleet |
|
Total |
|
Aviation |
|
Fleet |
|
Total |
| Repair |
|
$ |
75,370 |
|
|
$ |
— |
|
|
$ |
75,370 |
|
|
$ |
126,044 |
|
|
$ |
— |
|
|
$ |
126,044 |
|
| Distribution |
|
117,458 |
|
|
73,131 |
|
|
190,589 |
|
|
229,167 |
|
|
152,287 |
|
|
381,454 |
|
| Total |
|
$ |
192,828 |
|
|
$ |
73,131 |
|
|
$ |
265,959 |
|
|
$ |
355,211 |
|
|
$ |
152,287 |
|
|
$ |
507,498 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2023 |
|
Six months ended June 30, 2023 |
|
|
Aviation |
|
Fleet |
|
Total |
|
Aviation |
|
Fleet |
|
Total |
| Repair |
|
$ |
35,561 |
|
|
$ |
— |
|
|
$ |
35,561 |
|
|
$ |
67,615 |
|
|
$ |
— |
|
|
$ |
67,615 |
|
| Distribution |
|
89,168 |
|
|
80,494 |
|
|
169,662 |
|
|
170,349 |
|
|
155,846 |
|
|
326,195 |
|
| Total |
|
$ |
124,729 |
|
|
$ |
80,494 |
|
|
$ |
205,223 |
|
|
$ |
237,964 |
|
|
$ |
155,846 |
|
|
$ |
393,810 |
|
Contract balances were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
Financial Statement Classification |
|
2024 |
|
2023 |
Billed and billable receivables |
|
Receivables, net |
|
$ |
168,238 |
|
|
$ |
127,958 |
|
Contract assets - unbilled receivables |
|
Contract assets |
|
$ |
28,575 |
|
|
$ |
8,049 |
|
| Contract liabilities |
|
Accrued expenses and other current liabilities |
|
$ |
3,138 |
|
|
$ |
2,785 |
|
|
|
|
|
|
|