XML 31 R20.htm IDEA: XBRL DOCUMENT v3.22.2.2

Revenue (Tables)

9 Months Ended

Sep. 30, 2022

Revenue From Contract With Customer [Abstract]

Summary of Contract Revenues by Type of Work and Customer

The Company’s contract revenues by type of work, for the periods indicated, are as follows:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
Revenues		2022				2021				2022				2021
Dredging:
Capital—U.S.		$	90,574			$	111,481			$	281,278			$	268,485
Capital—foreign			—				274				—				6,596
Coastal protection			36,934				15,945				153,970				109,208
Maintenance			26,202				35,052				58,662				117,631
Rivers & lakes			4,636				5,886				8,213				14,265
Total revenues		$	158,346			$	168,638			$	502,123			$	516,185

The Company’s contract revenues by type of customer, for the periods indicated, are as follows:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
Revenues		2022				2021				2022				2021
Dredging:
Federal government		$	62,228			$	137,605			$	325,162			$	395,668
State and local government			91,544				17,058				167,067				88,902
Private			4,574				13,701				9,894				25,019
Foreign			—				274				—				6,596
Total revenues		$	158,346			$	168,638			$	502,123			$	516,185

Schedule of Accounts Receivable

Accounts receivable at September 30, 2022 and December 31, 2021 are as follows:

		September 30,				December 31,
		2022				2021
Completed contracts		$	10,932			$	10,612
Contracts in progress			50,258				65,415
Retainage			8,044				7,490
			69,234				83,517
Allowance for doubtful accounts			(564	)			(564	)
Total accounts receivable—net		$	68,670			$	82,953

Components of Contracts in Progress

The components of contracts in progress at September 30, 2022 and December 31, 2021 are as follows:

		September 30,				December 31,
		2022				2021
Costs and earnings in excess of billings:
Costs and earnings for contracts in progress		$	236,255			$	270,998
Amounts billed			(208,494	)			(240,941	)
Costs and earnings in excess of billings for contracts in progress			27,761				30,057
Costs and earnings in excess of billings for completed contracts			34,984				10,894
Total contract revenues in excess of billings		$	62,745			$	40,951
Current portion of contract revenues in excess of billings		$	61,638			$	39,844
Long-term contract revenues in excess of billings			1,107				1,107
Total contract revenues in excess of billings		$	62,745			$	40,951
Billings in excess of costs and earnings:
Amounts billed		$	(38,170	)		$	(224,381	)
Costs and earnings for contracts in progress			32,719				209,567
Total billings in excess of contract revenues		$	(5,451	)		$	(14,814	)

X

- Definition

Tabular disclosure of long-term contract or program.

+ References

No definition available.

+ Details

Name:	us-gaap_CostsInExcessOfBillingsAndBillingsInExcessOfCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration