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Revenue
12 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue
Remaining Performance Obligations
The Company had $566.4 million of remaining performance obligations yet to be satisfied as of June 30, 2020. The Company expects to recognize approximately $429.0 million of its remaining performance obligations as revenue within the next twelve months.
Contract Balances
Contract terms with customers include the timing of billing and payment, which usually differs from the timing of revenue recognition. As a result, we carry contract assets and liabilities in our balance sheet. These contract assets and liabilities are calculated on a contract-by-contract basis and reported on a net basis at the end of each period and are classified as current. We present our contract assets in the balance sheet as Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts ("CIE"). CIE consists of revenue recognized in excess of billings. We present our contract liabilities in the balance sheet as Billings on Uncompleted Contracts in Excess of Costs and Estimated Earnings ("BIE"). BIE consists of billings in excess of revenue recognized. The following table provides information about CIE and BIE:

June 30,
2020
June 30,
2019
Change
(In thousands)
Costs and estimated earnings in excess of billings on uncompleted contracts$59,548 $96,083 $(36,535)
Billings on uncompleted contracts in excess of costs and estimated earnings(63,889)(105,626)41,737 
Net contract liabilities$(4,341)$(9,543)$5,202 

The difference between the beginning and ending balances of the Company's CIE and BIE primarily results from the timing of revenue recognized relative to its billings. The amount of revenue recognized during the twelve months ended June 30, 2020 that was included in the prior period BIE balance was $104.4 million. This revenue consists primarily of work performed during the period on contracts with customers that had advance billings.
Progress billings in accounts receivable at June 30, 2020 and June 30, 2019 included retentions to be collected within one year of $37.3 million and $21.9 million, respectively. Contract retentions collectible beyond one year are included in other assets in the Consolidated Balance Sheets and totaled $1.6 million as of June 30, 2020 and $17.7 million as of June 30, 2019.
Disaggregated Revenue
Revenue disaggregated by reportable segment is presented in Note 13 - Segment Information. The following series of tables presents revenue disaggregated by geographic area where the work was performed and by contract type:

Geographic Disaggregation:

Twelve months ended
June 30,
2020
June 30,
2019
June 30,
2018
(In thousands)
United States$1,020,083 $1,367,844 $981,292 
Canada70,133 41,410 104,208 
Other international10,722 7,426 6,053 
Total$1,100,938 $1,416,680 $1,091,553 
Contract Type Disaggregation:

Twelve months ended
June 30,
2020
June 30,
2019
June 30,
2018
(In thousands)
Fixed-price contracts$685,559 $748,007 $588,039 
Time and materials and other cost reimbursable contracts415,379 668,673 503,514 
Total$1,100,938 $1,416,680 $1,091,553 

Typically, the Company assumes more risk with fixed-price contracts since increases in cost to perform the work may not be recoverable. However, these types of contracts typically offer higher profits than time and materials and other cost reimbursable contracts when completed at or below the costs originally estimated. The profitability of time and materials and other cost reimbursable contracts is typically lower than fixed-price contracts and is usually less volatile than fixed-price contracts since the profit component is factored into the rates charged for labor, equipment and materials, or is expressed in the contract as a percentage of the reimbursable costs incurred.

The mix of revenue by contract type shifted since the third quarter of fiscal 2020 due to the Company's strategic initiative to exit the domestic iron and steel industry, which was comprised primarily of time and materials and other cost reimbursable contracts.