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Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2019

Revenue Recognition

Schedule of revenue by contract and market type

The components of the Company’s revenue by contract type for the three months ended September 30, 2019 and 2018 were as follows:

		Three Months Ended September 30, 2019
		T&D					C&I					Total
( dollars in thousands)		Amount			Percent		Amount			Percent		Amount			Percent
Fixed price		$	157,357		53.4	%	$	220,872		76.6	%	$	378,229		64.9	%
Unit price			49,392		16.7			19,518		6.8			68,910		11.8
T&E			84,299		28.6			32,868		11.4			117,167		20.1
Other			3,892		1.3			15,016		5.2			18,908		3.2
		$	294,940		100.0	%	$	288,274		100.0	%	$	583,214		100.0	%

		Three Months Ended September 30, 2018
		T&D					C&I					Total
(dollars in thousands)		Amount			Percent		Amount			Percent		Amount			Percent
Fixed price		$	82,058		36.9	%	$	132,439		74.8	%	$	214,497		53.7	%
Unit price			42,751		19.2			14,256		8.1			57,007		14.3
T&E			76,520		34.4			9,431		5.3			85,951		21.5
Other			21,202		9.5			20,880		11.8			42,082		10.5
		$	222,531		100.0	%	$	177,006		100.0	%	$	399,537		100.0	%

The components of the Company’s revenue by contract type for the nine months ended September 30, 2019 and 2018 were as follows:

		Nine Months Ended September 30, 2019
		T&D					C&I					Total
(dollars in thousands)		Amount			Percent		Amount			Percent		Amount			Percent
Fixed price		$	410,253		49.8	%	$	469,700		69.4	%	$	879,953		58.7	%
Unit price			152,748		18.6			42,361		6.3			195,109		13.0
T&E			237,448		28.8			82,592		12.2			320,040		21.3
Other			22,949		2.8			82,033		12.1			104,982		7.0
		$	823,398		100.0	%	$	676,686		100.0	%	$	1,500,084		100.0	%

		Nine Months Ended September 30, 2018
		T&D					C&I					Total
(dollars in thousands)		Amount			Percent		Amount			Percent		Amount			Percent
Fixed price		$	238,723		37.5	%	$	312,033		69.5	%	$	550,756		50.8	%
Unit price			130,058		20.5			39,314		8.8			169,372		15.6
T&E			224,938		35.4			27,830		6.2			252,768		23.3
Other			42,123		6.6			69,805		15.5			111,928		10.3
		$	635,842		100.0	%	$	448,982		100.0	%	$	1,084,824		100.0	%

The components of the Company’s revenue by market type for the three months ended September 30, 2019 and 2018 were as follows:

		Three Months Ended September 30, 2019							Three Months Ended September 30, 2018
(dollars in thousands)		Amount			Percent		Segment		Amount			Percent		Segment
Transmission		$	196,083		33.6	%	T&D		$	121,619		30.4	%	T&D
Distribution			98,857		17.0		T&D			100,912		25.3		T&D
Electrical construction			288,274		49.4		C&I			177,006		44.3		C&I
Total revenue		$	583,214		100.0	%			$	399,537		100.0	%

The components of the Company’s revenue by market type for the nine months ended September 30, 2019 and 2018 were as follows:

		Nine Months Ended September 30, 2019							Nine Months Ended September 30, 2018
(dollars in thousands)		Amount			Percent		Segment		Amount			Percent		Segment
Transmission		$	553,314		36.9	%	T&D		$	377,780		34.8	%	T&D
Distribution			270,084		18.0		T&D			258,062		23.8		T&D
Electrical construction			676,686		45.1		C&I			448,982		41.4		C&I
Total revenue		$	1,500,084		100.0	%			$	1,084,824		100.0	%

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 the amount of remaining performance obligations as of September 30, 2019 that the Company expects to be realized 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 at September 30, 2019
					Amount estimated to not be			Total at
(in thousands)		Total			recognized within 12 months			December 31, 2018
T&D		$	368,865		$	27,018		$	418,178
C&I			899,859			208,699			644,547
Total		$	1,268,724		$	235,717		$	1,062,725

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045

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- References

No definition available.

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130556-203045

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