XML 53 R22.htm IDEA: XBRL DOCUMENT
v3.19.3

Construction Contract and Other Service Revenues | 9 Months Ended
--- | ---
Sep. 30, 2019
Revenue from Contract with Customer [Abstract] |
Construction Contract and Other Service Revenues | Construction Contract and Other Service Revenues We disaggregate our construction contract and other service revenues by compensation arrangement and by service type as we believe it best depicts the nature, timing and uncertainty of our revenue. The table below reports construction contract and other service revenues by compensation arrangement (in thousands):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Construction contract revenues: |  |  |  |  |  |  |
Guaranteed maximum price | $ | 16,217 |  |  | $ | 1,840 |  |  | $ | 54,365 |  |  | $ | 31,865 |
Firm fixed price | 2,349 |  |  | 3,653 |  |  | 6,009 |  |  | 16,376 |
Cost-plus fee | 9,906 |  |  | 2,719 |  |  | 26,935 |  |  | 4,273 |
Other | 225 |  |  | 211 |  |  | 637 |  |  | 688 |
| $ | 28,697 |  |  | $ | 8,423 |  |  | $ | 87,946 |  |  | $ | 53,202 |
The table below reports construction contract and other service revenues by service type (in thousands):
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Construction contract revenues: |  |  |  |  |  |  |
Construction | $ | 27,988 |  |  | $ | 8,160 |  |  | $ | 86,487 |  |  | $ | 50,743 |
Design | 484 |  |  | 52 |  |  | 822 |  |  | 1,771 |
Other | 225 |  |  | 211 |  |  | 637 |  |  | 688 |
| $ | 28,697 |  |  | $ | 8,423 |  |  | $ | 87,946 |  |  | $ | 53,202 |
We recognized a (decrease) increase in revenue from performance obligations satisfied (or partially satisfied) in previous periods of $(1,000) in the three months ended September 30, 2018, and $18,000 and $318,000 in the nine months ended September 30, 2019 and 2018, respectively. Accounts receivable related to our construction contract services is included in accounts receivable, net on our consolidated balance sheets. The beginning and ending balances of accounts receivable related to our construction contracts were as follows (in thousands):
| For the Nine Months Ended September 30,
| 2019 |  | 2018
Beginning balance | $ | 6,701 |  |  | $ | 4,577 |
Ending balance | $ | 15,494 |  |  | $ | 5,571 |
Contract assets, which we refer to herein as construction costs in excess of billings, are included in prepaid expenses and other assets, net reported on our consolidated balance sheets. The beginning and ending balances of our contract assets were as follows (in thousands):
| For the Nine Months Ended September 30,
| 2019 |  | 2018
Beginning balance | $ | 3,189 |  |  | $ | 4,884 |
Ending balance | $ | 16,743 |  |  | $ | 2,821 |
Contract liabilities are included in other liabilities reported on our consolidated balance sheets. Changes in contract liabilities were as follows (in thousands):
| For the Nine Months Ended September 30,
| 2019 |  | 2018
Beginning balance | $ | 568 |  |  | $ | 27,402 |
Ending balance | $ | 725 |  |  | $ | 560 |
Portion of beginning balance recognized in revenue during: |  |  |
Three months ended September 30 | $ | — |  |  | $ | — |
Nine months ended September 30 | $ | 445 |  |  | $ | 27,296 |
The change in the contract liabilities balance reported above for the nine months ended September 30, 2018 was due primarily to our satisfaction of performance obligations during the period on a contract on which we previously received advance payments from a customer. Revenue allocated to the remaining performance obligations under existing contracts as of September 30, 2019 that will be recognized as revenue in future periods was $27.5 million, approximately $23 million of which we expect to recognize during the remainder of 2019. We have no deferred incremental costs incurred to obtain or fulfill our construction contracts or other service revenues and had no impairment losses on construction contracts receivable or unbilled construction revenue in the three or nine months ended September 30, 2019 and 2018.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration