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Revenues, Contract Assets and Contract Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Disaggregation by Revenue

The Company disaggregates its sales with customers by revenue recognition method for its only segment, as the Company believes these factors affect the nature, amount, timing, and uncertainty of the Company’s revenue and cash flows.

		Three months ended March 31,
		2019				2018
Fixed price contracts		$	42,176			$	42,216
Product sales			64,992				44,944
Total Revenues		$	107,168			$	87,160

Schedule of Geographical Information of Revenue from External Customer

The following table presents geographical information about revenues.

		Three months ended March 31,
		2019				2018
Colombia		$	12,959			$	21,824
United States			92,062				62,993
Panama			763				814
Other			1,384				1,529
Total Revenues		$	107,168			$	87,160

Schedule of Contract Assets and Liabilities

The table below presents the components of net contract assets (liabilities).

		March 31, 2019				December 31, 2018
Contract assets — current		$	49,063			$	46,018
Contract assets — non-current			8,117				6,986
Contract liabilities — current			(13,698	)			(16,789	)
Contract liabilities — non-current			(703	)			(1,436	)
Net contract assets (liabilities)		$	42,779			$	34,779

Contract Liabilities [Member]

Schedule of Contract Assets and Liabilities

The components of contract liabilities are presented in the table below.

		March 31, 2019				December 31, 2018
Billings in excess of costs		$	3,250				4,393
Advances from customers on uncompleted contracts			11,151				13,832
Total contract liabilties			14,401				18,225
Less: current portion			13,698				16,789
Contract liabilities – non-current		$	703				1,436

Contract Assets [Member]

Schedule of Contract Assets and Liabilities

The components of contract assets are presented in the table below.

		March 31, 2019				December 31, 2018
Unbilled contract receivables, gross		$	25,625			$	21,703
Retainage			31,555				31,301
Total contract assets			57,180				53,004
Less: current portion			49,063				46,018
Contract Assets – non-current		$	8,117			$	6,986

X

- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045

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+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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