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Contract Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2025
Revenue from Contract with Customer [Abstract] |
Contract with Customer, Contract Asset, Contract Liability, and Receivable | Opening and closing balances of contract assets and contract liabilities are as follows:
| December 31, |  |
| 2025 |  | 2024 |  |
| (in thousands) |  |
Contract assets | $ | 247,635 |  |  | $ | 135,820 |  |  |
Less: Allowance for credit losses | 598 |  |  | 399 |  |  |
Contract assets, net | 247,037 |  |  | 135,421 |  |  |
Contract liabilities | (80,670) |  |  | (14,913) |  |  |
Total, net | $ | 166,367 |  |  | $ | 120,508 |  |  |
Costs and estimated earnings on uncompleted contracts and related billings are as follows:
| December 31, |  |
| 2025 |  | 2024 |  |  |  |
| (in thousands) |  |
Costs incurred on uncompleted contracts | $ | 254,399 |  |  | $ | 133,593 |  |  |  |  |
Estimated earnings | 209,344 |  |  | 97,074 |  |  |  |  |
Total | 463,743 |  |  | 230,667 |  |  |  |  |
Less: Contract billings to date | 311,274 |  |  | 112,786 |  |  |  |  |
Less: Allowance for credit losses | 599 |  |  | 399 |  |  |  |  |
Plus: Completed contracts, unbilled | 14,497 |  |  | 3,026 |  |  |  |  |
Total, net | $ | 166,367 |  |  | $ | 120,508 |  |  |  |  |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- References No definition available. + Details
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