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Revenue from Contracts with Customers (Tables) | 3 Months Ended
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Mar. 31, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of Components of Contract Asset and Liability Balances | Contract assets include amounts due under retainage provisions and costs and estimated earnings in excess of billings. The components of the contract asset balances as of the respective dates were as follows:
(in thousands) | March 31, 2022 |  | December 31, 2021 |  | Change
Contract assets |  |  |  |  |
Costs in excess of billings and estimated earnings | $ | 41,949 |  |  | $ | 47,447 |  |  | $ | (5,498) |
Retainage receivable | 33,594 |  |  | 36,416 |  |  | (2,822) |
Total contract assets | $ | 75,543 |  |  | $ | 83,863 |  |  | $ | (8,320) |
Contract liabilities include billings in excess of contract costs and provisions for losses. The components of the contract liability balances as of the respective dates were as follows:
(in thousands) | March 31, 2022 |  | December 31, 2021 |  | Change
Contract liabilities |  |  |  |  |
Billings in excess of costs and estimated earnings | $ | 34,053 |  |  | $ | 26,293 |  |  | $ | 7,760 |
Provisions for losses | 391 |  |  | 419 |  |  | (28) |
Total contract liabilities | $ | 34,444 |  |  | $ | 26,712 |  |  | $ | 7,732 |
Schedule of Contracts In Progress | The net underbilling position for contracts in process consisted of the following:
(in thousands) | March 31, 2022 |  | December 31, 2021
Revenue earned on uncompleted contracts | $ | 679,170 |  |  | $ | 758,450 |
Less: Billings to date | (671,274) |  |  | (737,296) |
Net underbilling | $ | 7,896 |  |  | $ | 21,154 |
(in thousands) | March 31, 2022 |  | December 31, 2021
Costs in excess of billings and estimated earnings | $ | 41,949 |  |  | $ | 47,447 |
Billings in excess of costs and estimated earnings | (34,053) |  |  | (26,293) |
Net underbilling | $ | 7,896 |  |  | $ | 21,154 |
Schedule of Revisions in Contract Estimates | The following table summarizes the Company’s recorded revisions in its contract estimates for certain GCR and ODR projects for the three months ended March 31, 2022 and 2021 (includes material gross profit changes of $0.25 million or more).
| For the Three Months Ended March 31,
| 2022 |  | 2021
(in thousands except number of projects ) |  |  | Number of Projects |  |  |  | Number of Projects
Gross profit write-ups: |  |  |  |  |  |  |
GCR | $ | 533 |  |  | 2 |  |  | $ | 743 |  |  | 2 |
ODR | — |  |  | — |  |  | — |  |  | — |
Total gross profit write-ups | $ | 533 |  |  | 2 |  |  | $ | 743 |  |  | 2 |
Gross profit write-downs: |  |  |  |  |  |  |
GCR | $ | (604) |  |  | 2 |  |  | $ | (768) |  |  | 2 |
ODR | — |  |  | — |  |  | — |  |  | — |
Total gross profit write-downs | $ | (604) |  |  | 2 |  |  | $ | (768) |  |  | 2 |
Total gross profit write-downs, net | $ | (71) |  |  |  |  | $ | (25) |  |  |

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- 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=123351226&loc=SL49130551-203045 + Details
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