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v3.23.2

Revenue (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of 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, 2023 and 2022.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2023 | 2022 |  | 2023 | 2022
Civil segment revenue by end market: |  |  |  |  |
Mass transit (includes certain transportation and tunneling projects) | $ | 361,082 |  | $ | 225,574 |  |  | $ | 549,542 |  | $ | 482,712 |
Military facilities | 83,811 |  | 60,355 |  |  | 169,378 |  | 110,149 |
Bridges | 51,326 |  | 85,073 |  |  | 81,971 |  | 126,320 |
Commercial and industrial sites | 29,089 |  | 11,694 |  |  | 51,593 |  | 23,604 |
Other | 28,815 |  | 20,926 |  |  | 51,509 |  | 51,632 |
Total Civil segment revenue | $ | 554,123 |  | $ | 403,622 |  |  | $ | 903,993 |  | $ | 794,417 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2023 | 2022 |  | 2023 | 2022
Building segment revenue by end market: |  |  |  |  |
Municipal and government | $ | 97,814 |  | $ | 83,826 |  |  | $ | 187,434 |  | $ | 159,781 |
Health care facilities | 55,839 |  | 50,277 |  |  | 106,256 |  | 85,837 |
Education facilities | 54,420 |  | 31,176 |  |  | 102,497 |  | 61,036 |
Mass transit (includes transportation projects) | 62,871 |  | 10,447 |  |  | 96,191 |  | 70,648 |
Commercial and industrial facilities | 16,026 |  | 49,309 |  |  | 54,297 |  | 88,395 |
Hospitality and gaming | 16,979 |  | 24,077 |  |  | 36,585 |  | 100,995 |
Sports and entertainment | 13,364 |  | 5,174 |  |  | 26,830 |  | 9,946 |
Other(a) | 14,029 |  | 12,655 |  |  | (49,095) |  | 20,951 |
Total Building segment revenue | $ | 331,342 |  | $ | 266,941 |  |  | $ | 560,995 |  | $ | 597,589 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2023 | 2022 |  | 2023 | 2022
Specialty Contractors segment revenue by end market: |  |  |  |  |
Commercial and industrial facilities | $ | 53,583 |  | $ | 36,444 |  |  | $ | 107,810 |  | $ | 66,301 |
Multi-unit residential | 29,207 |  | 28,243 |  |  | 62,003 |  | 53,181 |
Mass transit (includes certain transportation and tunneling projects) | 4,973 |  | 75,395 |  |  | 52,518 |  | 194,422 |
Water | 20,147 |  | 13,972 |  |  | 48,481 |  | 35,419 |
Federal government | 11,210 |  | 14,106 |  |  | 23,829 |  | 20,855 |
Health care facilities | 14,048 |  | 6,382 |  |  | 23,579 |  | 14,957 |
Other(a) | 3,118 |  | 15,922 |  |  | 14,843 |  | 36,040 |
Total Specialty Contractors segment revenue | $ | 136,286 |  | $ | 190,464 |  |  | $ | 333,063 |  | $ | 421,175 |
| Three Months Ended June 30, 2023 |  | Three Months Ended June 30, 2022
(in thousands) | Civil | Building | Specialty Contractors | Total |  | Civil | Building | Specialty Contractors | Total
Revenue by customer type: |  |  |  |  |
State and local agencies | $ | 403,013 |  | $ | 177,247 |  | $ | 54,879 |  | $ | 635,139 |  |  | $ | 319,411 |  | $ | 89,473 |  | $ | 91,817 |  | $ | 500,701 |
Federal agencies | 98,711 |  | 47,090 |  | (5,414) |  | 140,387 |  |  | 62,991 |  | 42,402 |  | 3,186 |  | 108,579 |
Private owners | 52,399 |  | 107,005 |  | 86,821 |  | 246,225 |  |  | 21,220 |  | 135,066 |  | 95,461 |  | 251,747 |
Total revenue | $ | 554,123 |  | $ | 331,342 |  | $ | 136,286 |  | $ | 1,021,751 |  |  | $ | 403,622 |  | $ | 266,941 |  | $ | 190,464 |  | $ | 861,027 |
| Six Months Ended June 30, 2023 |  | Six Months Ended June 30, 2022
(in thousands) | Civil | Building | Specialty Contractors | Total |  | Civil | Building | Specialty Contractors | Total
Revenue by customer type: |  |  |  |  |
State and local agencies | $ | 616,440 |  | $ | 313,848 |  | $ | 140,561 |  | $ | 1,070,849 |  |  | $ | 633,253 |  | $ | 213,163 |  | $ | 184,048 |  | $ | 1,030,464 |
Federal agencies | 194,695 |  | 88,825 |  | (3,521) |  | 279,999 |  |  | 113,685 |  | 88,500 |  | 14,520 |  | 216,705 |
Private owners(a) | 92,858 |  | 158,322 |  | 196,023 |  | 447,203 |  |  | 47,479 |  | 295,926 |  | 222,607 |  | 566,012 |
Total revenue | $ | 903,993 |  | $ | 560,995 |  | $ | 333,063 |  | $ | 1,798,051 |  |  | $ | 794,417 |  | $ | 597,589 |  | $ | 421,175 |  | $ | 1,813,181 |
| Three Months Ended June 30, 2023 |  | Three Months Ended June 30, 2022
(in thousands) | Civil | Building | Specialty Contractors | Total |  | Civil | Building | Specialty Contractors | Total
Revenue by contract type: |  |  |  |  |
Fixed price | $ | 488,343 |  | $ | 136,053 |  | $ | 110,552 |  | $ | 734,948 |  |  | $ | 337,414 |  | $ | 64,296 |  | $ | 158,036 |  | $ | 559,746 |
Guaranteed maximum price | (107) |  | 125,070 |  | (1,734) |  | 123,229 |  |  | 301 |  | 145,954 |  | 3,361 |  | 149,616 |
Unit price | 58,662 |  | — |  | 21,068 |  | 79,730 |  |  | 72,210 |  | — |  | 22,064 |  | 94,274 |
Cost plus fee and other | 7,225 |  | 70,219 |  | 6,400 |  | 83,844 |  |  | (6,303) |  | 56,691 |  | 7,003 |  | 57,391 |
Total revenue | $ | 554,123 |  | $ | 331,342 |  | $ | 136,286 |  | $ | 1,021,751 |  |  | $ | 403,622 |  | $ | 266,941 |  | $ | 190,464 |  | $ | 861,027 |
| Six Months Ended June 30, 2023 |  | Six Months Ended June 30, 2022
(in thousands) | Civil | Building | Specialty Contractors | Total |  | Civil | Building | Specialty Contractors | Total
Revenue by contract type: |  |  |  |  |
Fixed price | $ | 799,716 |  | $ | 232,169 |  | $ | 276,707 |  | $ | 1,308,592 |  |  | $ | 674,407 |  | $ | 166,814 |  | $ | 357,099 |  | $ | 1,198,320 |
Guaranteed maximum price(a) | (45) |  | 194,848 |  | 22 |  | 194,825 |  |  | 594 |  | 317,463 |  | 8,694 |  | 326,751 |
Unit price | 91,674 |  | — |  | 45,132 |  | 136,806 |  |  | 122,720 |  | 33 |  | 36,886 |  | 159,639 |
Cost plus fee and other | 12,648 |  | 133,978 |  | 11,202 |  | 157,828 |  |  | (3,304) |  | 113,279 |  | 18,496 |  | 128,471 |
Total revenue | $ | 903,993 |  | $ | 560,995 |  | $ | 333,063 |  | $ | 1,798,051 |  |  | $ | 794,417 |  | $ | 597,589 |  | $ | 421,175 |  | $ | 1,813,181 |
____________________________________________________________________________________________________ (a)The six-month period ended June 30, 2023 includes the negative impact of a non-cash charge of $83.6 million in the first quarter of 2023 that resulted from an adverse legal ruling (of which $72.2 million impacted the Building segment and $11.4 million impacted the Specialty Contractors segment). Refer to Note 17, Business Segments, for additional details.

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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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