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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques

The following table presents the significant estimates used by management in determining the fair values of customer relationships associated with acquisitions in the three months ended March 31, 2018 and year ended December 31, 2017:

		2018		2017
Discount rates		25%		17% to 25%
Customer attrition rates		20%		15% to 78%

Disaggregation of Revenue

The following tables present Quanta’s revenue disaggregated by geographic location and contract type for the three months ended March 31, 2018 (in thousands):

		Three Months Ended
		March 31, 2018
By primary geographic location:
United States		$	1,712,427
Canada		538,358
Australia		119,457
Latin America and Other		47,334
Total revenues		$	2,417,576

		Three Months Ended
		March 31, 2018
By contract type:
Unit-price contracts		$	613,438
Fixed price contracts		1,225,089
Cost-plus contracts		579,049
Total revenues		$	2,417,576

Contract with Customer, Asset and Liability

Contract assets and liabilities consisted of the following (in thousands):

		March 31, 2018				December 31, 2017
Contract assets		$	498,190			$	497,292
Contract liabilities		$	506,203			$	433,387

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Tabular disclosure of contract balances and changes in contract balances.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-Name Accounting Standards Codification
-Topic 606
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Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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