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Revenue | 9 Months Ended
--- | ---
Sep. 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 nine months ended September 30, 2019 and 2018.
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Civil segment revenue by end market: |  |  |  |  |  |  |  |  |  |  |  |
Mass transit |  | $ | 265,671 |  | $ | 177,619 |  | $ | 655,541 |  | $ | 485,841
Bridges |  |  | 113,743 |  |  | 128,240 |  |  | 269,517 |  |  | 311,979
Highways |  |  | 44,630 |  |  | 46,553 |  |  | 145,917 |  |  | 129,619
Tunneling |  |  | 32,076 |  |  | 33,377 |  |  | 96,602 |  |  | 66,009
Other |  |  | 68,426 |  |  | 45,699 |  |  | 164,121 |  |  | 103,627
Total Civil segment revenue |  | $ | 524,546 |  | $ | 431,488 |  | $ | 1,331,698 |  | $ | 1,097,075
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Building segment revenue by end market: |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial facilities |  | $ | 121,206 |  | $ | 57,505 |  | $ | 345,752 |  | $ | 290,571
Health care facilities |  |  | 58,323 |  |  | 127,219 |  |  | 199,347 |  |  | 320,416
Municipal and government |  |  | 62,444 |  |  | 67,003 |  |  | 192,986 |  |  | 187,984
Hospitality and gaming |  |  | 57,672 |  |  | 65,744 |  |  | 180,556 |  |  | 226,999
Mass transit |  |  | 53,384 |  |  | — |  |  | 123,772 |  |  | —
Education facilities |  |  | 33,469 |  |  | 43,405 |  |  | 123,059 |  |  | 108,763
Mixed use |  |  | 2,183 |  |  | 40,758 |  |  | 26,774 |  |  | 121,348
Other |  |  | 26,665 |  |  | 53,858 |  |  | 84,884 |  |  | 136,631
Total Building segment revenue |  | $ | 415,346 |  | $ | 455,492 |  | $ | 1,277,130 |  | $ | 1,392,712
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Specialty Contractors segment revenue by end market: |  |  |  |  |  |  |  |  |  |  |  |
Mass transit |  | $ | 103,710 |  | $ | 63,457 |  | $ | 285,121 |  | $ | 216,808
Commercial and industrial facilities |  |  | 51,471 |  |  | 48,601 |  |  | 139,112 |  |  | 136,892
Multi-unit residential |  |  | 25,860 |  |  | 18,254 |  |  | 56,474 |  |  | 64,104
Education facilities |  |  | 21,610 |  |  | 26,024 |  |  | 47,226 |  |  | 77,626
Mixed use |  |  | 18,465 |  |  | 37,587 |  |  | 47,170 |  |  | 137,420
Health care facilities |  |  | 5,217 |  |  | 12,873 |  |  | 26,116 |  |  | 43,861
Transportation |  |  | 5,931 |  |  | 17,150 |  |  | 16,092 |  |  | 73,154
Other |  |  | 17,189 |  |  | 12,211 |  |  | 46,968 |  |  | 31,726
Total Specialty Contractors segment revenue |  | $ | 249,453 |  | $ | 236,157 |  | $ | 664,279 |  | $ | 781,591
| Three Months Ended September 30, 2019 |  | Three Months Ended September 30, 2018
|  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  |  |  | Specialty |  |  |
(in thousands) | Civil |  | Building |  | Contractors |  | Total |  | Civil |  | Building |  | Contractors |  | Total
Revenue by customer type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and local agencies | $ | 420,839 |  | $ | 144,106 |  | $ | 136,191 |  | $ | 701,136 |  | $ | 341,067 |  | $ | 177,377 |  | $ | 99,913 |  | $ | 618,357
Private owners |  | 70,855 |  |  | 234,350 |  |  | 108,476 |  |  | 413,681 |  |  | 63,477 |  |  | 225,225 |  |  | 124,186 |  |  | 412,888
Federal agencies |  | 32,852 |  |  | 36,890 |  |  | 4,786 |  |  | 74,528 |  |  | 26,944 |  |  | 52,890 |  |  | 12,058 |  |  | 91,892
Total revenue | $ | 524,546 |  | $ | 415,346 |  | $ | 249,453 |  | $ | 1,189,345 |  | $ | 431,488 |  | $ | 455,492 |  | $ | 236,157 |  | $ | 1,123,137
| Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
|  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  |  |  | Specialty |  |  |
(in thousands) | Civil |  | Building |  | Contractors |  | Total |  | Civil |  | Building |  | Contractors |  | Total
Revenue by customer type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and local agencies | $ | 1,059,384 |  | $ | 422,590 |  | $ | 347,517 |  | $ | 1,829,491 |  | $ | 894,613 |  | $ | 452,918 |  | $ | 312,541 |  | $ | 1,660,072
Private owners |  | 189,325 |  |  | 733,103 |  |  | 301,446 |  |  | 1,223,874 |  |  | 134,891 |  |  | 790,330 |  |  | 423,280 |  |  | 1,348,501
Federal agencies |  | 82,989 |  |  | 121,437 |  |  | 15,316 |  |  | 219,742 |  |  | 67,571 |  |  | 149,464 |  |  | 45,770 |  |  | 262,805
Total revenue | $ | 1,331,698 |  | $ | 1,277,130 |  | $ | 664,279 |  | $ | 3,273,107 |  | $ | 1,097,075 |  | $ | 1,392,712 |  | $ | 781,591 |  | $ | 3,271,378
| Three Months Ended September 30, 2019 |  | Three Months Ended September 30, 2018
|  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  |  |  | Specialty |  |  |
(in thousands) | Civil |  | Building |  | Contractors |  | Total |  | Civil |  | Building |  | Contractors |  | Total
Revenue by contract type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed price | $ | 376,230 |  | $ | 144,514 |  | $ | 208,689 |  | $ | 729,433 |  | $ | 272,996 |  | $ | 91,972 |  | $ | 193,607 |  | $ | 558,575
Guaranteed maximum price |  | 639 |  |  | 159,217 |  |  | 4,405 |  |  | 164,261 |  |  | 3,025 |  |  | 269,069 |  |  | 18,720 |  |  | 290,814
Unit price |  | 142,253 |  |  | 2,922 |  |  | 25,193 |  |  | 170,368 |  |  | 141,917 |  |  | 9,938 |  |  | 7,939 |  |  | 159,794
Cost plus fee and other |  | 5,424 |  |  | 108,693 |  |  | 11,166 |  |  | 125,283 |  |  | 13,550 |  |  | 84,513 |  |  | 15,891 |  |  | 113,954
Total revenue | $ | 524,546 |  | $ | 415,346 |  | $ | 249,453 |  | $ | 1,189,345 |  | $ | 431,488 |  | $ | 455,492 |  | $ | 236,157 |  | $ | 1,123,137
| Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
|  |  |  |  |  |  | Specialty |  |  |  |  |  |  |  |  |  |  | Specialty |  |  |
(in thousands) | Civil |  | Building |  | Contractors |  | Total |  | Civil |  | Building |  | Contractors |  | Total
Revenue by contract type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed price | $ | 969,041 |  | $ | 395,123 |  | $ | 551,779 |  | $ | 1,915,943 |  | $ | 716,826 |  | $ | 267,630 |  | $ | 675,526 |  | $ | 1,659,982
Guaranteed maximum price |  | 4,517 |  |  | 551,399 |  |  | 15,326 |  |  | 571,242 |  |  | 11,200 |  |  | 801,537 |  |  | 51,762 |  |  | 864,499
Unit price |  | 343,416 |  |  | 10,950 |  |  | 64,379 |  |  | 418,745 |  |  | 332,118 |  |  | 29,526 |  |  | 21,829 |  |  | 383,473
Cost plus fee and other |  | 14,724 |  |  | 319,658 |  |  | 32,795 |  |  | 367,177 |  |  | 36,931 |  |  | 294,019 |  |  | 32,474 |  |  | 363,424
Total revenue | $ | 1,331,698 |  | $ | 1,277,130 |  | $ | 664,279 |  | $ | 3,273,107 |  | $ | 1,097,075 |  | $ | 1,392,712 |  | $ | 781,591 |  | $ | 3,271,378
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 nine-month periods ended September 30, 2019 related to performance obligations satisfied (or partially satisfied) in prior periods by $13.8 million and $46.3 million, respectively. Net revenue recognized during the three and nine months ended September 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 September 30, 2019, the aggregate amounts of the transaction prices allocated to the remaining performance obligations of the Company’s construction contracts were $5.3 billion, $1.6 billion and $2.2 billion for the Civil, Building and Specialty Contractors segments, respectively. As of September 30, 2018, the aggregate amounts of the transaction prices allocated to the remaining performance obligations of the Company’s construction contracts were $4.2 billion, $2.1 billion and $1.7 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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