Quarterly report pursuant to Section 13 or 15(d)

Revenue

v3.23.3
Revenue
 9 Months Ended
Sep. 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 government customers.

A summary of revenues by customer for each of our operating segments for the three and nine months ended September 30, 2023 and 2022 is as follows (in thousands):
Three months ended September 30, 2023 Nine months ended September 30, 2023
Aviation Fleet Total Aviation Fleet Total
Commercial $ 150,715  $ 37,430  $ 188,145  $ 386,595  $ 108,011  $ 494,606 
Other government 1,640  41,568  43,208  3,724  126,833  130,557 
     Total $ 152,355  $ 78,998  $ 231,353  $ 390,319  $ 234,844  $ 625,163 

Three months ended September 30, 2022 Nine months ended September 30, 2022
Aviation Fleet Total Aviation Fleet Total
Commercial $ 101,735  $ 25,394  $ 127,129  $ 296,996  $ 79,257  $ 376,253 
DoD —  183  183  —  3,176  3,176 
Other government 890  39,177  40,067  3,938  114,093  118,031 
     Total $ 102,625  $ 64,754  $ 167,379  $ 300,934  $ 196,526  $ 497,460 

A summary of revenues by type for each of our operating segments for the three and nine months ended September 30, 2023 and 2022 is as follows (in thousands):
Three months ended September 30, 2023 Nine months ended September 30, 2023
Aviation Fleet Total Aviation Fleet Total
Repair $ 44,713  $ —  $ 44,713  $ 112,328  $ —  $ 112,328 
Distribution 107,642  78,998  186,640  277,991  234,844  512,835 
     Total $ 152,355  $ 78,998  $ 231,353  $ 390,319  $ 234,844  $ 625,163 

Three months ended September 30, 2022 Nine months ended September 30, 2022
Aviation Fleet Total Aviation Fleet Total
Repair $ 28,979  $ —  $ 28,979  $ 77,308  $ —  $ 77,308 
Distribution 73,646  64,754  138,400  223,626  196,526  420,152 
     Total $ 102,625  $ 64,754  $ 167,379  $ 300,934  $ 196,526  $ 497,460 


Contract Balances

Contract balances were as follows (in thousands):
September 30, December 31,
Financial Statement Classification 2023 2022
Contract assets Unbilled receivables $ 6,257  $ 7,409 
Contract liabilities Accrued expenses and other current liabilities $ 2,333  $ 963 

For the nine months ended September 30, 2023 and 2022, we recognized revenue that was previously included in the beginning balance of contract liabilities of $0.9 million and $0.5 million, respectively.