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Revenue Accounting for Contracts and Adoption of ASC Topic 606 (Tables) | 6 Months Ended
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Mar. 29, 2019
Revenue from Contract with Customer [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The following table presents how the adoption of ASC Topic 606 affected certain line items in the Consolidated Statements of Earnings:
| Three Months Ended |  | Six Months Ended
| March 29, 2019 |  | March 29, 2019
(in thousands) | Recognition Under Previous Guidance |  | Impact of the Adoption of ASC Topic 606 |  | Recognition Under ASC Topic 606 |  | Recognition Under Previous Guidance |  | Impact of the Adoption of ASC Topic 606 |  | Recognition Under ASC Topic 606
Revenues | $ | 3,083,889 |  |  | $ | 7,707 |  |  | $ | 3,091,596 |  |  | $ | 6,161,353 |  |  | $ | 14,031 |  |  | $ | 6,175,384 |
Direct costs of contracts | (2,474,755 | ) |  | — |  |  | (2,474,755 | ) |  | (4,990,023 | ) |  | — |  |  | (4,990,023 | )
Gross profit | 609,134 |  |  | 7,707 |  |  | 616,841 |  |  | 1,171,330 |  |  | 14,031 |  |  | 1,185,361 |
Operating Profit | 94,974 |  |  | 7,707 |  |  | 102,681 |  |  | 201,779 |  |  | 14,031 |  |  | 215,810 |
Earnings from Continuing Operations Before Taxes | 104,125 |  |  | 7,707 |  |  | 111,832 |  |  | 189,990 |  |  | 14,031 |  |  | 204,021 |
Income tax expense for Continuing Operations | 9,231 |  |  | (1,284 | ) |  | 7,947 |  |  | (12,340 | ) |  | (2,471 | ) |  | (14,811 | )
Net Earnings of the Group from Continuing Operations | 113,356 |  |  | 6,423 |  |  | 119,779 |  |  | 177,650 |  |  | 11,560 |  |  | 189,210 |
Net Earnings of the Group from Discontinued Operations | (59,343 | ) |  | 2,337 |  |  | (57,006 | ) |  | (355 | ) |  | 3,508 |  |  | 3,153 |
Net Earnings of the Group | 54,013 |  |  | 8,760 |  |  | 62,773 |  |  | 177,295 |  |  | 15,068 |  |  | 192,363 |
Net Earnings Attributable to Jacobs from Continuing Operations | 108,332 |  |  | 6,423 |  |  | 114,755 |  |  | 168,088 |  |  | 11,560 |  |  | 179,648 |
Net Earnings Attributable to Jacobs from Discontinued Operations | (60,175 | ) |  | 2,337 |  |  | (57,838 | ) |  | (1,943 | ) |  | 3,508 |  |  | 1,565 |
Net Earnings Attributable to Jacobs | $ | 48,157 |  |  | $ | 8,760 |  |  | $ | 56,917 |  |  | $ | 166,145 |  |  | $ | 15,068 |  |  | $ | 181,213 |
The following table presents how the adoption of ASC Topic 606 affected certain line items in the Consolidated Balance Sheets:
| March 29, 2019
(in thousands) | Recognition Under Previous Guidance |  | Impact of the Adoption of ASC Topic 606 |  | Recognition Under ASC Topic 606
Receivables and contract assets (previously presented as Receivables) | $ | 2,743,892 |  |  | $ | 3,280 |  |  | $ | 2,747,172 |
Current assets held for sale | $ | 1,298,430 |  |  | $ | (1,000 | ) |  | $ | 1,297,430 |
Miscellaneous noncurrent assets | $ | 849,563 |  |  | $ | (2,487 | ) |  | $ | 847,076 |
Contract Liabilities (previously presented as Billings in excess of costs) | $ | 461,396 |  |  | $ | (10,532 | ) |  | $ | 450,864 |
Current liabilities held for sale | $ | 733,302 |  |  | $ | (2,144 | ) |  | $ | 731,158 |
Disaggregation of Revenue | The following table further disaggregates our revenue by geographic area for the three and six months ended March 29, 2019 and March 30, 2018 (in thousands):
| Three Months Ended |  | Six Months Ended
| March 29, 2019 |  | March 30, 2018 |  | March 29, 2019 |  | March 30, 2018
Revenues: |  |  |  |  |  |  |
United States | $ | 2,161,334 |  |  | $ | 1,919,599 |  |  | $ | 4,343,638 |  |  | $ | 3,038,432 |
Europe | 600,903 |  |  | 623,397 |  |  | 1,215,127 |  |  | 1,087,492 |
Canada | 50,021 |  |  | 52,651 |  |  | 100,509 |  |  | 59,555 |
Asia | 43,765 |  |  | 42,194 |  |  | 79,376 |  |  | 74,458 |
India | 18,364 |  |  | 15,711 |  |  | 31,002 |  |  | 25,358 |
Australia and New Zealand | 123,235 |  |  | 149,830 |  |  | 249,883 |  |  | 290,708 |
South America and Mexico | 3,370 |  |  | 5,187 |  |  | 6,020 |  |  | 6,960 |
Middle East and Africa | 90,604 |  |  | 61,726 |  |  | 149,829 |  |  | 71,331 |
Total | $ | 3,091,596 |  |  | $ | 2,870,295 |  |  | $ | 6,175,384 |  |  | $ | 4,654,294 |

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