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Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024 and 2023 were as follows:

						Three months ended March 31, 2024
						T&D												C&I												Total
(dollars in thousands)						Amount						Percent						Amount						Percent						Amount						Percent
Fixed price						$	243,000					49.5		%				$	264,800					81.5		%				$	507,800					62.3		%
Unit price						136,125						27.8						16,336						5.0						152,461						18.7
T&E						111,270						22.7						44,031						13.5						155,301						19.0
						$	490,395					100.0		%				$	325,167					100.0		%				$	815,562					100.0		%

						Three months ended March 31, 2023
						T&D												C&I												Total
(dollars in thousands)						Amount						Percent						Amount						Percent						Amount						Percent
Fixed price						$	229,234					51.5		%				$	305,621					83.4		%				$	534,855					65.9		%
Unit price						113,709						25.5						17,642						4.8						131,351						16.2
T&E						102,381						23.0						43,029						11.8						145,410						17.9
						$	445,324					100.0		%				$	366,292					100.0		%				$	811,616					100.0		%

The components of the Company’s revenue by market type for the three months ended March 31, 2024 and 2023 were as follows:

						Three months ended March 31, 2024																		Three months ended March 31, 2023
(dollars in thousands)						Amount						Percent						Segment						Amount						Percent						Segment
Transmission						$	313,926					38.5		%				T&D						$	298,098					36.7		%				T&D
Distribution						176,469						21.6						T&D						147,226						18.2						T&D
Electrical construction						325,167						39.9						C&I						366,292						45.1						C&I
Total revenue						$	815,562					100.0		%										$	811,616					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 March 31, 2024 that the Company expects to be realized and 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 at March 31, 2024
(in thousands)						Total						Amount estimated to be recognized within 12 months						Amount estimated to be recognized after 12 months
T&D						$	674,812					$	614,410					$	60,402
C&I						1,544,717						1,109,414						435,303
Total						$	2,219,529					$	1,723,824					$	495,705

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.

+ Details

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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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