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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2018
Revenue from Contract with Customer [Abstract] |
Schedule Of Revenue by Contract and Market Type | The components of the Company’s revenue by contract type for the year ended December 31, 2018 were as follows:
|  | 2018 |
|  | T&D |  |  | C&I |  |  | Total |
(dollars in thousands) |  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
Fixed price |  | $ | 361,699 |  |  |  | 40.5 | % |  | $ | 452,732 |  |  |  | 71.0 | % |  | $ | 814,431 |  |  |  | 53.2 | %
Unit price |  |  | 181,179 |  |  |  | 20.3 |  |  |  | 51,590 |  |  |  | 8.1 |  |  |  | 232,769 |  |  |  | 15.2 |
T&E |  |  | 305,581 |  |  |  | 34.2 |  |  |  | 34,938 |  |  |  | 5.4 |  |  |  | 340,519 |  |  |  | 22.2 |
Other |  |  | 44,649 |  |  |  | 5.0 |  |  |  | 98,801 |  |  |  | 15.5 |  |  |  | 143,450 |  |  |  | 9.4 |
|  | $ | 893,108 |  |  |  | 100.0 | % |  | $ | 638,061 |  |  |  | 100.0 | % |  | $ | 1,531,169 |  |  |  | 100.0 | %
The components of the Company’s revenue by market type for the year ended December 31, 2018 were as follows:
|  | 2018 |
(dollars in thousands) |  | Amount |  |  | Percent |  |  | Segment |
Transmission |  | $ | 559,467 |  |  |  | 36.5 | % |  |  | T&D |
Distribution |  |  | 333,641 |  |  |  | 21.8 |  |  |  | T&D |
Electrical construction |  |  | 638,061 |  |  |  | 41.7 |  |  |  | C&I |
Total Revenue |  | $ | 1,531,169 |  |  |  | 100.0 | % |  |  |  |
Contract Assets, Contract Liabilities and contract assets and contract liabilities from contracts with customers | Contract assets consisted of the following at December 31:
(in thousands) |  | 2018 |  |  | 2017 |  |  | Change |
Unbilled revenue |  | $ | 111,153 |  |  | $ | 78,260 |  |  | $ | 32,893 |
Contract retainages, net |  |  | 49,128 |  |  |  | 42,732 |  |  |  | 6,396 |
Contract assets |  | $ | 160,281 |  |  | $ | 120,992 |  |  | $ | 39,289 |
Contract liabilities consisted of the following at December 31:
(in thousands) |  | 2018 |  |  | 2017 |  |  | Change |
Deferred revenue |  | $ | 57,051 |  |  | $ | 28,919 |  |  | $ | 28,132 |
Accrued loss provision |  |  | 1,483 |  |  |  | 1,305 |  |  |  | 178 |
Contract liabilities |  | $ | 58,534 |  |  | $ | 30,224 |  |  | $ | 28,310 |
The following table provides information about contract assets and contract liabilities from contracts with customers:
(in thousands) |  | 2018 |  |  | 2017 |  |  | Change |
Contract assets |  | $ | 160,281 |  |  | $ | 120,992 |  |  | $ | 39,289 |
Contract liabilities |  |  | (58,534 | ) |  |  | (30,224 | ) |  |  | (28,310 | )
Net contract assets (liabilities) |  | $ | 101,747 |  |  | $ | 90,768 |  |  | $ | 10,979 |
Schedule Of Net Asset Position For Contracts | The net asset position for contracts in process consisted of the following at December 31:
(in thousands) |  | 2018 |  |  | 2017 |
Costs and estimated earnings on uncompleted contracts |  | $ | 2,718,713 |  |  | $ | 1,978,981 |
Less: Billings to date |  |  | 2,664,611 |  |  |  | 1,929,640 |
|  | $ | 54,102 |  |  | $ | 49,341 |
The net asset position for contracts in process is included within the contract asset and contract liability in the accompanying consolidated balance sheets as follows at December 31:
(in thousands) |  | 2018 |  |  | 2017 |
Unbilled revenue |  | $ | 111,153 |  |  | $ | 78,260 |
Deferred revenue |  |  | (57,051 | ) |  |  | (28,919 | )
|  | $ | 54,102 |  |  | $ | 49,341 |
Schedule of Amount Of The Remaining Performance Obligations That The Company Reasonably Estimates Will Not Be Recognized Within The Next Twelve Months | The following table summarizes that amount of remaining performance obligations that the Company expects to be realized as of December 31, 2018 and the amount of the remaining performance obligations that the Company reasonably estimates will not be recognized within the next twelve months.
|  | Remaining Performance Obligations as of December 31, 2018
(In thousands) |  | Total |  | Amount estimated to not be recognized within 12 months
T&D |  | $ | 418,178 |  |  | $ | 19,698 |
C&I |  |  | 644,547 |  |  |  | 167,652 |
Total |  | $ | 1,062,725 |  |  | $ | 187,350 |

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- Definition Tabular disclosure for billings on uncompleted contracts in excess of costs and costs of uncompleted contracts in excess of billings. + References No definition available. + Details
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