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Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2023

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 three months ended September 30, 2023 and 2022 were as follows:

						Three months ended September 30, 2023
						T&D												C&I												Total
(dollars in thousands)						Amount						Percent						Amount						Percent						Amount						Percent
Fixed price						$	283,440					51.7		%				$	319,546					81.7		%				$	602,986					64.2		%
Unit price						143,218						26.1						26,899						6.9						170,117						18.1
T&E						121,937						22.2						44,436						11.4						166,373						17.7
						$	548,595					100.0		%				$	390,881					100.0		%				$	939,476					100.0		%

						Three months ended September 30, 2022
						T&D												C&I												Total
(dollars in thousands)						Amount						Percent						Amount						Percent						Amount						Percent
Fixed price						$	216,082					47.8		%				$	290,078					83.4		%				$	506,160					63.3		%
Unit price						127,121						28.1						27,597						7.9						154,718						19.3
T&E						108,811						24.1						30,159						8.7						138,970						17.4
						$	452,014					100.0		%				$	347,834					100.0		%				$	799,848					100.0		%

The components of the Company’s revenue by contract type for the nine months ended September 30, 2023 and 2022 were as follows:

						Nine months ended September 30, 2023
						T&D												C&I												Total
(dollars in thousands)						Amount						Percent						Amount						Percent						Amount						Percent
Fixed price						$	774,022					51.7		%				$	938,576					82.2		%				$	1,712,598					64.9		%
Unit price						396,855						26.5						68,099						6.0						464,954						17.6
T&E						326,778						21.8						135,378						11.8						462,156						17.5
						$	1,497,655					100.0		%				$	1,142,053					100.0		%				$	2,639,708					100.0		%

						Nine months ended September 30, 2022
						T&D												C&I												Total
(dollars in thousands)						Amount						Percent						Amount						Percent						Amount						Percent
Fixed price						$	559,920					45.5		%				$	752,337					82.5		%				$	1,312,257					61.2		%
Unit price						349,051						28.3						60,332						6.6						409,383						19.1
T&E						323,134						26.2						99,812						10.9						422,946						19.7
						$	1,232,105					100.0		%				$	912,481					100.0		%				$	2,144,586					100.0		%

The components of the Company’s revenue by market type for the three months ended September 30, 2023 and 2022 were as follows:

						Three months ended September 30, 2023																		Three months ended September 30, 2022
(dollars in thousands)						Amount						Percent						Segment						Amount						Percent						Segment
Transmission						$	357,708					38.1		%				T&D						$	264,022					33.0		%				T&D
Distribution						190,887						20.3						T&D						187,992						23.5						T&D
Electrical construction						390,881						41.6						C&I						347,834						43.5						C&I
Total revenue						$	939,476					100.0		%										$	799,848					100.0		%

The components of the Company’s revenue by market type for the nine months ended September 30, 2023 and 2022 were as follows:

						Nine months ended September 30, 2023																		Nine months ended September 30, 2022
(dollars in thousands)						Amount						Percent						Segment						Amount						Percent						Segment
Transmission						$	978,078					37.0		%				T&D						$	735,707					34.3		%				T&D
Distribution						519,577						19.7						T&D						496,398						23.2						T&D
Electrical construction						1,142,053						43.3						C&I						912,481						42.5						C&I
Total revenue						$	2,639,708					100.0		%										$	2,144,586					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, 2023 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, 2023
(in thousands)						Total						Amount estimated to not be recognized within 12 months						Total at December 31, 2022
T&D						$	934,860					$	90,901					$	898,617
C&I						1,462,270						344,458						1,428,257
Total						$	2,397,130					$	435,359					$	2,326,874

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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

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