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Contract Assets | 3 Months Ended
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Mar. 31, 2018
Contract With Customer Asset And Liability [Abstract] |
Contract assets | Note 8 – Contract Assets As of March 31, 2018 and December 31, 2017, the Compa ny had $147.6 million and $146.5 million in contract receivables from contracts with customers. The contract receivables primarily relate to the Company’s right to consideration for work completed but not billed at the reporting date. The contract receivables are transferred to accounts receivable when the rights become unconditional. Significant changes in the contract asset balance during the pe riod are as follows:
| Three Months Ended
| March 31,
(in thousands) |  | 2018 |  |  | 2017
Transferred to receivables from contract assets recognized at |  |  |  |  |
the beginning of the period | $ | (145,217) |  | $ | (156,206)
Contract assets recognized, net of reclassification to accounts receivable |  | 146,344 |  |  | 149,645
Net change | $ | 1,127 |  | $ | (6,561)

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