XML 37 R23.htm IDEA: XBRL DOCUMENT
v3.19.2

Contract Assets and Liabilities (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Contractors [Abstract] |
Schedule of contract assets and liabilities from contracts with customers | Contract assets consisted of the following:
|  | June 30, |  |  | December 31, |  |  |  |
(in thousands) |  | 2019 |  |  | 2018 |  |  | Change |
Unbilled revenue |  | $ | 109,287 |  |  | $ | 111,153 |  |  | $ | (1,866 | )
Contract retainages, net |  |  | 65,518 |  |  |  | 49,128 |  |  |  | 16,390 |
Contract assets |  | $ | 174,805 |  |  | $ | 160,281 |  |  | $ | 14,524 |
Contract liabilities consisted of the following:
|  | June 30, |  |  | December 31, |  |  |  |
(in thousands) |  | 2019 |  |  | 2018 |  |  | Change |
Deferred revenue |  | $ | 52,364 |  |  | $ | 57,051 |  |  | $ | (4,687 | )
Accrued loss provision |  |  | 1,217 |  |  |  | 1,483 |  |  |  | (266 | )
Contract liabilities |  | $ | 53,581 |  |  | $ | 58,534 |  |  | $ | (4,953 | )
The following table provides information about contract assets and contract liabilities from contracts with customers:
|  | June 30, |  |  | December 31, |  |  |  |
(in thousands) |  | 2019 |  |  | 2018 |  |  | Change |
Contract assets |  | $ | 174,805 |  |  | $ | 160,281 |  |  | $ | 14,524 |
Contract liabilities |  |  | (53,581 | ) |  |  | (58,534 | ) |  |  | 4,953 |
Net contract assets (liabilities) |  | $ | 121,224 |  |  | $ | 101,747 |  |  | $ | 19,477 |
Schedule of net asset position for contracts in process | The net asset position for contracts in process consisted of the following:
|  | June 30, |  |  | December 31, |
(in thousands) |  | 2019 |  |  | 2018 |
Costs and estimated earnings on uncompleted contracts |  | $ | 2,686,781 |  |  | $ | 2,718,713 |
Less: billings to date |  |  | 2,629,858 |  |  |  | 2,664,611 |
|  | $ | 56,923 |  |  | $ | 54,102 |
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:
|  | June 30, |  |  | December 31, |
(in thousands) |  | 2019 |  |  | 2018 |
Unbilled revenue |  | $ | 109,287 |  |  | $ | 111,153 |
Deferred revenue |  |  | (52,364 | ) |  |  | (57,051 | )
|  | $ | 56,923 |  |  | $ | 54,102 |

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- 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
Name: | us-gaap_CostsInExcessOfBillingsAndBillingsInExcessOfCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration