XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.1

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025 and 2024 were as follows:

						Three months ended March 31, 2025
						T&D												C&I												Total
(dollars in thousands)						Amount						Percent						Amount						Percent						Amount						Percent
Fixed price						$	173,450					37.6		%				$	293,805					79.0		%				$	467,255					56.0		%
Unit price						152,102						32.9						17,667						4.8						169,769						20.4
T&E						136,217						29.5						60,379						16.2						196,596						23.6
						$	461,769					100.0		%				$	371,851					100.0		%				$	833,620					100.0		%

						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		%

The components of the Company’s revenue by market type for the three months ended March 31, 2025 and 2024 were as follows:

						Three months ended March 31, 2025																		Three months ended March 31, 2024
(dollars in thousands)						Amount						Percent						Segment						Amount						Percent						Segment
Transmission						$	269,773					32.4		%				T&D						$	313,926					38.5		%				T&D
Distribution						191,996						23.0						T&D						176,469						21.6						T&D
Electrical construction						371,851						44.6						C&I						325,167						39.9						C&I
Total revenue						$	833,620					100.0		%										$	815,562					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, 2025 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, 2025
(in thousands)						Total						Amount estimated to be recognized within 12 months						Amount estimated to be recognized after 12 months
T&D						$	619,554					$	588,553					$	31,001
C&I						1,746,705						1,326,030						420,675
Total						$	2,366,259					$	1,914,583					$	451,676

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

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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

+ Details

Name:	us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration