| Disaggregation of Revenue |
A summary of revenues by customer for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
Six months ended June 30, |
|
|
|
|
|
|
|
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| Commercial |
|
|
|
|
|
|
|
$ |
271,288 |
|
|
$ |
191,296 |
|
|
$ |
526,241 |
|
|
$ |
349,280 |
|
| Government |
|
|
|
|
|
|
|
851 |
|
|
1,532 |
|
|
1,943 |
|
|
5,931 |
|
| Total |
|
|
|
|
|
|
|
$ |
272,139 |
|
|
$ |
192,828 |
|
|
$ |
528,184 |
|
|
$ |
355,211 |
|
A summary of revenues by type for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, |
|
Six months ended June 30, |
|
|
|
|
|
|
|
|
2025 |
|
2024 (a)
|
|
2025 |
|
2024 (a)
|
Repair |
|
|
|
|
|
|
|
$ |
98,536 |
|
|
$ |
77,380 |
|
|
$ |
194,030 |
|
|
$ |
131,740 |
|
Distribution |
|
|
|
|
|
|
|
173,603 |
|
|
115,448 |
|
|
334,154 |
|
|
223,471 |
|
| Total |
|
|
|
|
|
|
|
$ |
272,139 |
|
|
$ |
192,828 |
|
|
$ |
528,184 |
|
|
$ |
355,211 |
|
(a) Certain revenue amounts in the prior year have been reclassified to conform to current presentation of revenue type categories. |
Contract balances were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
Financial Statement Classification |
|
2025 |
|
2024 |
Billed and billable receivables |
|
Receivables, net |
|
$ |
183,208 |
|
|
$ |
158,104 |
|
Contract assets - unbilled receivables |
|
Contract assets |
|
$ |
34,043 |
|
|
$ |
29,960 |
|
| Contract liabilities |
|
Accrued expenses and other current liabilities |
|
$ |
2,825 |
|
|
$ |
4,479 |
|
|
|
|
|
|
|