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Revenue (Notes)
3 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] Revenue
Remaining Performance Obligations
We had $438.6 million of remaining performance obligations yet to be satisfied as of September 30, 2022. We expect to recognize $367.2 million of our remaining performance obligations as revenue within the next twelve months.
Contract Balances
Contract terms with customers include the timing of billing and payments, 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:
September 30,
2022
June 30,
2022
Change
 (in thousands)
Costs and estimated earnings in excess of billings on uncompleted contracts$59,609 $44,752 $14,857 
Billings on uncompleted contracts in excess of costs and estimated earnings(53,286)(65,106)11,820 
Net contract assets (liabilities)$6,323 $(20,354)$26,677 
The difference between the beginning and ending balances of our CIE and BIE primarily results from the timing of revenue recognized relative to its billings. The amount of revenue recognized during the three months ended September 30, 2022 that was included in the June 30, 2022 BIE balance was $37.6 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 September 30, 2022 and June 30, 2022 included retentions to be collected within one year of $19.1 million and $16.1 million, respectively. Contract retentions collectible beyond one year are included in other assets, non-current in the Condensed Consolidated Balance Sheets and totaled $4.9 million as of September 30, 2022 and $4.0 million as of June 30, 2022.
Disaggregated Revenue
Revenue disaggregated by reportable segment is presented in Note 10 - Segment Information. The following tables presents revenue disaggregated by geographic area where the work was performed and by contract type:
Geographic Disaggregation:
 Three Months Ended
 September 30,
2022
September 30,
2021
 (In thousands)
United States$176,180 $153,284 
Canada24,925 13,510 
Other international7,326 1,299 
Total Revenue$208,431 $168,093 

Contract Type Disaggregation:
 Three Months Ended
 September 30,
2022
September 30,
2021
 (In thousands)
Fixed-price contracts$109,473 $102,065 
Time and materials and other cost reimbursable contracts98,958 66,028 
Total Revenue$208,431 $168,093 
Typically, we assume more risk with fixed-price contracts since increases in costs 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.