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Revenue and Contracts in Process (Tables) | 12 Months Ended
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Dec. 31, 2022
Revenue from Contract with Customer [Abstract] |
Reconciliation of Revenue from Segments to Consolidated | Revenue from contracts with customers consists of the following (in millions):
|  |  |  | Years Ended December 31,
|  |  |  |  |  | 2022 |  | 2021
Revenue |  |  |  |  |  |  |  |
Infrastructure |  |  |  |  |  | $ | 1,594.3 |  |  | $ | 1,159.7 |
Life Sciences |  |  |  |  |  | 4.3 |  |  | 3.5 |
Spectrum |  |  |  |  |  | 38.7 |  |  | 42.0 |
Total revenue |  |  |  |  |  | $ | 1,637.3 |  |  | $ | 1,205.2 |
Schedule of Accounts Receivable, net | Accounts receivables, net, from contracts with customers consist of the following (in millions):
|  | December 31,
|  | 2022 |  | 2021
Accounts receivables with customers |  |  |  |
Infrastructure |  | $ | 244.5 |  |  | $ | 226.8 |
Life Sciences |  | 0.8 |  |  | 0.3 |
Spectrum |  | 5.1 |  |  | 9.4 |
Total accounts receivables with customers |  | $ | 250.4 |  |  | $ | 236.5 |
Accounts receivable, net as of the periods indicated consisted of the following (in millions):
|  | December 31,
|  | 2022 |  | 2021
Contracts in progress |  | $ | 244.8 |  |  | $ | 226.8 |
Unbilled retentions |  | 0.2 |  |  | 0.4 |
Trade receivables |  | 5.9 |  |  | 9.9 |
Other receivables |  | 4.5 |  |  | 10.6 |
Allowance for doubtful accounts |  | (0.5) |  |  | (0.6) |
Total |  | $ | 254.9 |  |  | $ | 247.1 |
Disaggregation of Revenue | The following table disaggregates DBMG's revenue by market (in millions):
|  |  |  | Years Ended December 31,
|  |  |  |  |  | 2022 |  | 2021
Commercial |  |  |  |  |  | $ | 794.0 |  |  | $ | 539.8 |
Industrial |  |  |  |  |  | 409.5 |  |  | 292.5 |
Healthcare |  |  |  |  |  | 129.9 |  |  | 59.8 |
Convention |  |  |  |  |  | 136.2 |  |  | 85.8 |
Transportation |  |  |  |  |  | 50.2 |  |  | 52.7 |
Leisure |  |  |  |  |  | 23.4 |  |  | 23.2 |
Government |  |  |  |  |  | 34.8 |  |  | 68.0 |
Other |  |  |  |  |  | 15.8 |  |  | 37.7 |
Total revenue from contracts with customers |  |  |  |  |  | 1,593.8 |  |  | 1,159.5 |
Other revenue |  |  |  |  |  | 0.5 |  |  | 0.2 |
Total Infrastructure segment revenue |  |  |  |  |  | $ | 1,594.3 |  |  | $ | 1,159.7 |
The following table disaggregates the Life Sciences segment's revenue by type for the periods indicated (in millions):
|  |  |  | Years Ended December 31,
|  |  |  |  |  | 2022 |  | 2021
Systems and consumables revenue |  |  |  |  |  | $ | 4.3 |  |  | $ | 3.5 |
Total Life Sciences segment revenue |  |  |  |  |  | $ | 4.3 |  |  | $ | 3.5 |
The following table disaggregates the Spectrum segment's revenue by type for the periods indicated (in millions):
|  |  |  | Years Ended December 31,
|  |  |  |  |  | 2022 |  | 2021
Broadcast station |  |  |  |  |  | $ | 19.6 |  |  | $ | 18.6 |
Network advertising |  |  |  |  |  | 14.8 |  |  | 18.1 |
Network distribution |  |  |  |  |  | 2.8 |  |  | 3.2 |
Other |  |  |  |  |  | 1.5 |  |  | 2.1 |
Total Spectrum segment revenue |  |  |  |  |  | $ | 38.7 |  |  | $ | 42.0 |
Schedule of Costs and Recognized Earnings in Excess of Billings and Billings in Excess of Costs and Recognized Earnings on Uncompleted Contracts | Contract assets and contract liabilities and recognized earnings consisted of the following (in millions):
|  | Years Ended December 31,
|  | 2022 |  | 2021
Costs incurred on contracts in progress |  | $ | 2,503.3 |  |  | $ | 2,161.5 |
Estimated earnings |  | 378.9 |  |  | 316.4
Contract revenue earned on uncompleted contracts |  | 2,882.2 |  |  | 2,477.9 |
Less: progress billings |  | 2,815.7 |  |  | 2,438.4 |
|  | $ | 66.5 |  |  | $ | 39.5 |
The above is included in the accompanying Consolidated Balance Sheets under the following line items:
Contract assets |  | $ | 165.1 |  |  | $ | 118.6 |
Contract liabilities |  | (98.6) |  |  | (79.1) |
|  | $ | 66.5 |  |  | $ | 39.5 |
Schedule of Contract with Customer, Asset and Liability |
|  | Years Ended December 31,
|  | 2022 |  | 2021
Cost in excess of billings |  | $ | 90.7 |  |  | $ | 68.3 |
Conditional retainage |  | 74.4 |  |  | 50.3 |
Contract assets |  | $ | 165.1 |  |  | $ | 118.6 |
Billings in excess of costs |  | $ | (152.0) |  |  | $ | (137.6) |
Conditional retainage |  | 53.4 |  |  | 58.5 |
Contract liabilities |  | $ | (98.6) |  |  | $ | (79.1) |
Schedule of Remaining Performance Obligations | As of December 31, 2022, the transaction price allocated to remaining unsatisfied performance obligations consisted of the following (in millions):
|  | Within One Year |  | Within Five Years |  |  |  | Total
Commercial |  | $ | 354.5 |  |  | $ | 32.5 |  |  |  |  | $ | 387.0 |
Industrial |  | 369.8 |  |  | 19.8 |  |  |  |  | 389.6 |
Transportation |  | 283.3 |  |  | 145.8 |  |  |  |  | 429.1 |
Government |  | 8.0 |  |  | — |  |  |  |  | 8.0 |
Leisure |  | 4.7 |  |  | — |  |  |  |  | 4.7 |
Healthcare |  | 220.6 |  |  | 221.9 |  |  |  |  | 442.5 |
Convention |  | 103.1 |  |  | 5.0 |  |  |  |  | 108.1 |
Other |  | 2.9 |  |  | — |  |  |  |  | 2.9 |
Remaining unsatisfied performance obligations | $ | 1,346.9 |  |  | $ | 425.0 |  |  |  |  | $ | 1,771.9 |

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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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- 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
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