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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of revenue by contact and market type | The components of the Company’s revenue by contract type were as follows for the year ended December 31:
|  | 2023
|  | T&D |  | C&I |  | Total
(dollars in thousands) |  | Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent
Fixed price |  | $ | 1,100,273 |  |  | 52.7 | % |  | $ | 1,274,763 |  |  | 82.0 | % |  | $ | 2,375,036 |  |  | 65.2 | %
Unit price |  | 549,221 |  |  | 26.3 |  |  | 92,581 |  |  | 6.0 |  |  | 641,802 |  |  | 17.6 |
T&E(1) |  | 439,702 |  |  | 21.0 |  |  | 187,365 |  |  | 12.0 |  |  | 627,067 |  |  | 17.2 |
|  | $ | 2,089,196 |  |  | 100.0 | % |  | $ | 1,554,709 |  |  | 100.0 | % |  | $ | 3,643,905 |  |  | 100.0 | %
|  | 2022
|  | T&D |  | C&I |  | Total
(dollars in thousands) |  | Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent
Fixed price |  | $ | 835,288 |  |  | 47.8 | % |  | $ | 1,051,428 |  |  | 83.3 | % |  | $ | 1,886,716 |  |  | 62.7 | %
Unit price |  | 475,276 |  |  | 27.2 |  |  | 78,714 |  |  | 6.2 |  |  | 553,990 |  |  | 18.4 |
T&E(1) |  | 435,228 |  |  | 25.0 |  |  | 132,608 |  |  | 10.5 |  |  | 567,836 |  |  | 18.9 |
|  | $ | 1,745,792 |  |  | 100.0 | % |  | $ | 1,262,750 |  |  | 100.0 | % |  | $ | 3,008,542 |  |  | 100.0 | %
|  | 2021
|  | T&D |  | C&I |  | Total
(dollars in thousands) |  | Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent
Fixed price |  | $ | 559,861 |  |  | 43.0 | % |  | $ | 963,477 |  |  | 80.5 | % |  | $ | 1,523,338 |  |  | 61.0 | %
Unit price |  | 369,710 |  |  | 28.4 |  |  | 73,826 |  |  | 6.2 |  |  | 443,536 |  |  | 17.7 |
T&E(1) |  | 372,016 |  |  | 28.6 |  |  | 159,399 |  |  | 13.3 |  |  | 531,415 |  |  | 21.3 |
|  | $ | 1,301,587 |  |  | 100.0 | % |  | $ | 1,196,702 |  |  | 100.0 | % |  | $ | 2,498,289 |  |  | 100.0 | %
(1) The Company T&E contract type includes time-and-equipment, time-and-materials and cost-plus contracts. The components of the Company’s revenue by market type were as follows for the year ended December 31:
|  |  |  | 2023 |  | 2022 |  | 2021
(dollars in thousands) |  | Segment |  | Amount |  | Percent |  | Amount |  | Percent |  | Amount |  | Percent
Transmission |  | T&D |  | $ | 1,380,923 |  |  | 37.9 | % |  | $ | 1,083,415 |  |  | 36.0 | % |  | $ | 806,367 |  |  | 32.3 | %
Distribution |  | T&D |  | 708,273 |  |  | 19.4 |  |  | 662,377 |  |  | 22.0 |  |  | 495,220 |  |  | 19.8 |
Electrical construction |  | C&I |  | 1,554,709 |  |  | 42.7 |  |  | 1,262,750 |  |  | 42.0 |  |  | 1,196,702 |  |  | 47.9 |
Total revenue |  |  |  | $ | 3,643,905 |  |  | 100.0 | % |  | $ | 3,008,542 |  |  | 100.0 | % |  | $ | 2,498,289 |  |  | 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 total amount of remaining performance obligations as of December 31, 2023 that the Company expects to be realized, the amount of the remaining performance obligations that the Company reasonably estimates will be recognized within the next twelve months, and the amount estimated to be recognized after the next twelve months.
|  | Remaining Performance Obligations as of December 31, 2023
(in thousands) |  | Total |  | Amount estimated to be recognized within 12 months |  | Amount estimated to be recognized after 12 months
T&D |  | $ | 769,128 |  |  | $ | 722,765 |  |  | $ | 46,363 |
C&I |  | 1,532,019 |  |  | 1,144,243 |  |  | 387,776 |
Total |  | $ | 2,301,147 |  |  | $ | 1,867,008 |  |  | $ | 434,139 |

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- 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 + Details
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- 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 + Details
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