Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.23.2
Revenue
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenues
Our revenues are derived from the delivery of products to our customers and from services performed for commercial and governmental customers.

A summary of revenues by customer for each of our operating segments for the three and six months ended June 30, 2023 and 2022 is as follows (in thousands):
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 

Three months ended June 30, 2022 Six months ended June 30, 2022
Aviation Fleet Total Aviation Fleet Total
Commercial $ 103,349  $ 26,007  $ 129,356  $ 195,261  $ 53,863  $ 249,124 
DoD —  1,264  1,264  —  2,993  2,993 
Other government 1,670  37,471  39,141  3,048  74,916  77,964 
     Total $ 105,019  $ 64,742  $ 169,761  $ 198,309  $ 131,772  $ 330,081 

A summary of revenues by type for each of our operating segments for the three and six months ended June 30, 2023 and 2022 is as follows (in thousands):
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 

Three months ended June 30, 2022 Six months ended June 30, 2022
Aviation Fleet Total Aviation Fleet Total
Repair $ 25,966  $ —  $ 25,966  $ 48,329  $ —  $ 48,329 
Distribution 79,053  64,742  143,795  149,980  131,772  281,752 
     Total $ 105,019  $ 64,742  $ 169,761  $ 198,309  $ 131,772  $ 330,081 
Contract Balances

Contract balances were as follows (in thousands):
June 30, December 31,
Financial Statement Classification 2023 2022
Contract assets Unbilled receivables $ 6,229  $ 7,409 
Contract liabilities Accrued expenses and other current liabilities $ 2,561  $ 963 
For the six months ended June 30, 2023 and 2022, we recognized revenue that was previously included in the beginning balance of contract liabilities of $0.8 million and $0.5 million, respectively.