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Contract Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Components of Contract Asset and Liability Balances

The components of the contract asset balances as of the respective dates were as follows:

(in thousands)			September 30, 2024						December 31, 2023
Costs in excess of billings and estimated earnings			$	143,739					$	100,106
Contract retention			177,914						162,881
Total contract assets			$	321,653					$	262,987

The components of the contract liability balances as of the respective dates were as follows:

(in thousands)			September 30, 2024						December 31, 2023
Billings in excess of costs and estimated earnings, net of retention			$	279,566					$	227,913
Provisions for losses			13,075						15,935
Total contract liabilities			$	292,641					$	243,848

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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

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- References

No definition available.

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