XML 54 R22.htm IDEA: XBRL DOCUMENT
v3.20.1

Construction Contract and Other Service Revenues | 3 Months Ended
--- | ---
Mar. 31, 2020
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 March 31,
| 2020 |  | 2019
Construction contract revenue: |  |  |
Guaranteed maximum price | $ | 5,044 |  |  | $ | 12,356 |
Firm fixed price | 5,072 |  |  | 2,325 |
Cost-plus fee | 3,309 |  |  | 2,060 |
Other | 256 |  |  | 209 |
| $ | 13,681 |  |  | $ | 16,950 |
The table below reports construction contract and other service revenues by service type (in thousands):
| For the Three Months Ended March 31,
| 2020 |  | 2019
Construction contract revenue: |  |  |
Construction | $ | 12,883 |  |  | $ | 16,489 |
Design | 542 |  |  | 252 |
Other | 256 |  |  | 209 |
| $ | 13,681 |  |  | $ | 16,950 |
We recognized revenue of $32,000 in the three months ended March 31, 2019 from performance obligations satisfied (or partially satisfied) in previous periods. 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 Three Months Ended March 31,
| 2020 |  | 2019
Beginning balance | $ | 12,378 |  |  | $ | 6,701 |
Ending balance | $ | 10,852 |  |  | $ | 6,569 |
Contract assets, which we refer to herein as construction contract costs in excess of billings, net 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 Three Months Ended March 31,
| 2020 |  | 2019
Beginning balance | $ | 17,223 |  |  | $ | 3,189 |
Ending balance | $ | 7,463 |  |  | $ | 14,834 |
Contract liabilities are included in other liabilities reported on our consolidated balance sheets. Changes in contract liabilities were as follows (in thousands):
| For the Three Months Ended March 31,
| 2020 |  | 2019
Beginning balance | $ | 1,184 |  |  | $ | 568 |
Ending balance | $ | 1,417 |  |  | $ | 1,005 |
Portion of beginning balance recognized in revenue during period | $ | 646 |  |  | $ | 439 |
Revenue allocated to the remaining performance obligations under existing contracts as of March 31, 2020 that will be recognized as revenue in future periods was $74.1 million, approximately $26 million of which we expect to recognize during the remainder of 2020. We incurred no deferred incremental costs to obtain or fulfill our construction contracts or other service revenues and had no significant credit loss expense on construction contracts receivable or unbilled construction revenue in the three months ended March 31, 2020 and 2019.

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