XML 62 R45.htm IDEA: XBRL DOCUMENT
v3.20.4

Revenue and Contract Balances (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | Revenue by type for the years ended December 31, 2020, 2019 and 2018 was as follows (in millions):
|  | 2020 |  | 2019 |  | 2018
Revenues: |  |  |  |  |  |
Commercial Real Estate |  | $ | 150.0 |  |  | $ | 160.6 |  |  | $ | 140.3 |
Land Operations: |  |  |  |  |  |
Development sales revenue |  | 7.9 |  |  | 57.2 |  |  | 54.3 |
Unimproved/other property sales revenue |  | 9.7 |  |  | 32.4 |  |  | 210.5 |
Other operating revenue |  | 23.0 |  |  | 24.5 |  |  | 24.7 |
Land Operations |  | 40.6 |  |  | 114.1 |  |  | 289.5 |
Materials & Construction |  | 114.7 |  |  | 160.5 |  |  | 214.6 |
Total revenues |  | $ | 305.3 |  |  | $ | 435.2 |  |  | $ | 644.4 |
Schedule of Contract Balances | The following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of December 31, 2020 and 2019:
(in millions) |  | 2020 |  | 2019
Accounts receivable |  | $ | 39.5 |  |  | $ | 43.6 |
Contracts retention |  | 7.3 |  |  | 8.6 |
Allowances (credit losses and doubtful accounts) |  | (3.3) |  |  | (0.6) |
Accounts receivable and retention, net |  | $ | 43.5 |  |  | $ | 51.6 |
Costs and estimated earnings in excess of billings on uncompleted contracts |  | $ | 2.3 |  |  | $ | 10.0 |
Billings in excess of costs and estimated earnings on uncompleted contracts |  | $ | 8.5 |  |  | $ | 7.9 |
Variable consideration 1 |  | $ | 62.0 |  |  | $ | 62.0 |
Other deferred revenue |  | $ | 4.9 |  |  | $ | 5.6 |
1 Variable consideration deferred as of the period end related to amounts received in the sale of agricultural land on Maui in 2018 that, under revenue recognition guidance, could not be included in the transaction price (refer to Note 23). Finally, additional information related to uncompleted contracts (presented in the contract assets and contract liabilities table above) as of December 31, 2020 and 2019 is as follows (in millions):
|  | 2020 |  | 2019
Costs incurred on uncompleted contracts |  | $ | 389.8 |  |  | $ | 339.3 |
Estimated earnings |  | 41.1 |  |  | 38.3 |
Subtotal |  | 430.9 |  |  | 377.6 |
Billings to date |  | (437.1) |  |  | (375.5) |
Total |  | $ | (6.2) |  |  | $ | 2.1 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum: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