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Uncompleted Contracts (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Changes in Contract Assets and Liabilities
Costs, estimated earnings, and billings on uncompleted contracts at December 31 are summarized as follows:
20252024
(In thousands)
Costs incurred on uncompleted contracts
$1,570,937 $1,300,669 
Estimated earnings
261,986 222,368 
Estimated revenue on uncompleted contracts
1,832,923 1,523,037 
Less billings to date
(1,789,168)(1,533,880)
Net contract asset (liability)
$43,755 $(10,843)
Such amounts are included in the accompanying Consolidated Balance Sheets at December 31 under the following captions:
20252024Change
(In thousands)
Contract assets1
$77,528 $31,283 $46,245 
Contract liabilities1
(33,773)(42,126)8,353 
Net contract asset (liability)
$43,755 $(10,843)$54,598 
1    Following the issuance of the FASB Staff Educational Paper on Topic 606: Presentation and Disclosure of Retainage for Construction Contractors, we have reclassed retention receivables on a contract-by-contract basis from accounts receivable to contract assets and liabilities. The change in presentation was on a prospective basis beginning with balances as of December 31, 2025.
2024
2023Change
(In thousands)
Contract assets$31,283 $27,293 $3,990 
Contract liabilities(42,126)(51,376)9,250 
Net contract asset (liability)
$(10,843)$(24,083)$13,240