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Revenue | 6 Months Ended
--- | ---
Jun. 30, 2019
Revenue [Abstract] |
Revenue | (3) Revenue Disaggregation of Revenue The following tables disaggregate revenue by end market, customer type and contract type, which the Company believes best depict how the nature, amount, timing and uncertainty of its revenue and cash flows are affected by economic factors for the three and six months ended June 30, 2019 and 2018.
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Civil segment revenue by end market: |  |  |  |  |  |  |  |  |  |  |  |
Mass transit |  | $ | 243,620 |  | $ | 158,096 |  | $ | 389,870 |  | $ | 308,222
Bridges |  |  | 86,467 |  |  | 120,929 |  |  | 155,774 |  |  | 183,739
Highways |  |  | 60,244 |  |  | 65,809 |  |  | 101,287 |  |  | 83,066
Tunneling |  |  | 29,586 |  |  | 23,931 |  |  | 64,526 |  |  | 32,632
Other |  |  | 53,741 |  |  | 33,708 |  |  | 95,695 |  |  | 57,928
Total Civil segment revenue |  | $ | 473,658 |  | $ | 402,473 |  | $ | 807,152 |  | $ | 665,587
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Building segment revenue by end market: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial facilities |  | $ | 118,564 |  | $ | 59,318 |  | $ | 227,917 |  | $ | 233,066
Health care facilities |  |  | 60,796 |  |  | 118,116 |  |  | 141,023 |  |  | 193,197
Municipal and government |  |  | 68,580 |  |  | 70,528 |  |  | 130,542 |  |  | 120,981
Education facilities |  |  | 47,062 |  |  | 32,876 |  |  | 89,590 |  |  | 65,358
Hospitality and gaming |  |  | 35,939 |  |  | 79,490 |  |  | 83,896 |  |  | 161,255
Mass transit |  |  | 41,211 |  |  | 13,171 |  |  | 70,388 |  |  | 13,171
Mixed use |  |  | 23,582 |  |  | 38,814 |  |  | 60,209 |  |  | 80,590
Other |  |  | 32,584 |  |  | 34,666 |  |  | 58,219 |  |  | 69,602
Total Building segment revenue |  | $ | 428,318 |  | $ | 446,979 |  | $ | 861,784 |  | $ | 937,220
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Specialty Contractors segment revenue by end market: |  |  |  |  |  |  |  |  |  |  |  |
Mass transit |  | $ | 100,016 |  | $ | 78,169 |  | $ | 181,411 |  | $ | 153,351
Commercial and industrial facilities |  |  | 43,618 |  |  | 48,952 |  |  | 87,641 |  |  | 88,291
Multi-unit residential |  |  | 19,225 |  |  | 22,761 |  |  | 30,614 |  |  | 45,850
Mixed use |  |  | 18,036 |  |  | 51,976 |  |  | 28,705 |  |  | 99,833
Education facilities |  |  | 14,036 |  |  | 26,298 |  |  | 25,616 |  |  | 51,602
Health care facilities |  |  | 9,248 |  |  | 14,623 |  |  | 20,899 |  |  | 30,988
Transportation |  |  | 3,726 |  |  | 22,019 |  |  | 10,161 |  |  | 56,004
Other |  |  | 15,394 |  |  | 5,835 |  |  | 29,779 |  |  | 19,515
Total Specialty Contractors segment revenue |  | $ | 223,299 |  | $ | 270,633 |  | $ | 414,826 |  | $ | 545,434
|  | Three Months Ended June 30, 2019 |  | Three Months Ended June 30, 2018
|  |  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  |  |  | Specialty |  |  |
(in thousands) |  | Civil |  | Building |  | Contractors |  | Total |  | Civil |  | Building |  | Contractors |  | Total
Revenue by customer type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and local agencies |  | $ | 381,438 |  | $ | 133,798 |  | $ | 114,255 |  | $ | 629,491 |  | $ | 327,195 |  | $ | 159,556 |  | $ | 106,308 |  | $ | 593,059
Private owners |  |  | 65,241 |  |  | 250,124 |  |  | 106,283 |  |  | 421,648 |  |  | 44,506 |  |  | 235,160 |  |  | 149,337 |  |  | 429,003
Federal agencies |  |  | 26,979 |  |  | 44,396 |  |  | 2,761 |  |  | 74,136 |  |  | 30,772 |  |  | 52,263 |  |  | 14,988 |  |  | 98,023
Total revenue |  | $ | 473,658 |  | $ | 428,318 |  | $ | 223,299 |  | $ | 1,125,275 |  | $ | 402,473 |  | $ | 446,979 |  | $ | 270,633 |  | $ | 1,120,085
|  | Six Months Ended June 30, 2019 |  | Six Months Ended June 30, 2018
|  |  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  |  |  | Specialty |  |  |
(in thousands) |  | Civil |  | Building |  | Contractors |  | Total |  | Civil |  | Building |  | Contractors |  | Total
Revenue by customer type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and local agencies |  | $ | 638,545 |  | $ | 278,484 |  | $ | 211,326 |  | $ | 1,128,355 |  | $ | 553,546 |  | $ | 275,541 |  | $ | 212,628 |  | $ | 1,041,715
Private owners |  |  | 118,470 |  |  | 498,753 |  |  | 192,970 |  |  | 810,193 |  |  | 71,414 |  |  | 565,105 |  |  | 299,094 |  |  | 935,613
Federal agencies |  |  | 50,137 |  |  | 84,547 |  |  | 10,530 |  |  | 145,214 |  |  | 40,627 |  |  | 96,574 |  |  | 33,712 |  |  | 170,913
Total revenue |  | $ | 807,152 |  | $ | 861,784 |  | $ | 414,826 |  | $ | 2,083,762 |  | $ | 665,587 |  | $ | 937,220 |  | $ | 545,434 |  | $ | 2,148,241
|  | Three Months Ended June 30, 2019 |  | Three Months Ended June 30, 2018
|  |  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  |  |  | Specialty |  |  |
(in thousands) |  | Civil |  | Building |  | Contractors |  | Total |  | Civil |  | Building |  | Contractors |  | Total
Revenue by contract type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed price |  | $ | 349,945 |  | $ | 136,250 |  | $ | 187,826 |  | $ | 674,021 |  | $ | 259,927 |  | $ | 96,657 |  | $ | 234,495 |  | $ | 591,079
Guaranteed maximum price |  |  | 1,644 |  |  | 185,050 |  |  | 7,315 |  |  | 194,009 |  |  | 3,103 |  |  | 270,440 |  |  | 17,462 |  |  | 291,005
Unit price |  |  | 116,285 |  |  | 2,800 |  |  | 20,183 |  |  | 139,268 |  |  | 121,447 |  |  | 10,771 |  |  | 7,233 |  |  | 139,451
Cost plus fee and other |  |  | 5,784 |  |  | 104,218 |  |  | 7,975 |  |  | 117,977 |  |  | 17,996 |  |  | 69,111 |  |  | 11,443 |  |  | 98,550
Total revenue |  | $ | 473,658 |  | $ | 428,318 |  | $ | 223,299 |  | $ | 1,125,275 |  | $ | 402,473 |  | $ | 446,979 |  | $ | 270,633 |  | $ | 1,120,085
|  | Six Months Ended June 30, 2019 |  | Six Months Ended June 30, 2018
|  |  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  |  |  | Specialty |  |  |
(in thousands) |  | Civil |  | Building |  | Contractors |  | Total |  | Civil |  | Building |  | Contractors |  | Total
Revenue by contract type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed price |  | $ | 592,811 |  | $ | 250,609 |  | $ | 343,090 |  | $ | 1,186,510 |  | $ | 443,830 |  | $ | 175,658 |  | $ | 481,919 |  | $ | 1,101,407
Guaranteed maximum price |  |  | 3,878 |  |  | 392,182 |  |  | 10,921 |  |  | 406,981 |  |  | 8,175 |  |  | 532,468 |  |  | 33,042 |  |  | 573,685
Unit price |  |  | 201,163 |  |  | 8,028 |  |  | 39,186 |  |  | 248,377 |  |  | 190,201 |  |  | 19,588 |  |  | 13,890 |  |  | 223,679
Cost plus fee and other |  |  | 9,300 |  |  | 210,965 |  |  | 21,629 |  |  | 241,894 |  |  | 23,381 |  |  | 209,506 |  |  | 16,583 |  |  | 249,470
Total revenue |  | $ | 807,152 |  | $ | 861,784 |  | $ | 414,826 |  | $ | 2,083,762 |  | $ | 665,587 |  | $ | 937,220 |  | $ | 545,434 |  | $ | 2,148,241
Changes in Contract Estimates that Impact Revenue Changes to the total estimated contract revenue or cost for a given project, either due to unexpected events or revisions to management’s initial estimates, are recognized in the period in which they are determined. Net revenue was negatively impacted during the three- and six-month periods ended June 30, 2019 related to performance obligations satisfied (or partially satisfied) in prior periods by $14.6 million and $27.7 million, respectively. Net revenue recognized during the three and six months ended June 30, 2018 related to performance obligations satisfied (or partially satisfied) in prior periods was immaterial. Remaining Performance Obligations Remaining performance obligations represent the transaction price of firm orders for which work has not been performed and exclude unexercised contract options. As of June 30, 2019, the aggregate amounts of the transaction prices allocated to the remaining performance obligations of the Company’s construction contracts were $5.5 billion, $1.7 billion and $2.2 billion for the Civil, Building and Specialty Contractors segments, respectively. As of June 30, 2018, the aggregate amounts of the transaction prices allocated to the remaining performance obligations of the Company’s construction contracts were $4.3 billion, $2.0 billion and $1.6 billion for the Civil, Building and Specialty Contractors segments, respectively. The Company typically recognizes revenue on Civil segment projects over a period of three to five years, whereas for projects in the Building and Specialty Contractors segments, the Company typically recognizes revenue over a period of one to three years.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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