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Costs and Estimated Earnings on Uncompleted Contracts
 6 Months Ended
Jun. 30, 2025
Costs and Estimated Earnings on Uncompleted Contracts [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts 4.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

The Company’s costs and estimated earnings on uncompleted contracts are comprised of the following:

As of

As of

June 30, 2025

December 31, 2024

(in thousands)

Costs incurred on uncompleted contracts

$

107,684

$

74,474

Estimated earnings

42,450

31,514

Billings to date

(106,001)

(92,082)

$

44,133

$

13,906

These amounts are included in the Consolidated Balance Sheets under the following captions:

As of

As of

June 30, 2025

December 31, 2024

(in thousands)

Costs and estimated earnings in excess of billings on uncompleted contracts

$

46,811

$

19,198

Billings in excess of costs and estimated earnings on

uncompleted contracts (included in Other current liabilities)

(2,678)

(5,292)

$

44,133

$

13,906

At June 30, 2025 and December 31, 2024, the two largest customers comprised 97.0% and 89.0%, respectively, of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings.