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Revenue and Contracts in Process (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Reconciliation of Revenue from Segments to Consolidated

Revenue from contracts with customers consists of the following (in millions):

												Three Months Ended March 31,
																		2024						2023
Infrastructure																		$	307.9					$	311.7
Life Sciences																		1.0						0.5
Spectrum																		6.3						5.7
Total revenue																		$	315.2					$	317.9

Schedule of Accounts Receivable, net

Accounts receivables, net, from contracts with customers consist of the following (in millions):

						March 31, 2024						December 31, 2023
Infrastructure									$	262.6								$	271.5
Life Sciences						0.5						0.3
Spectrum						1.6						1.4
Total accounts receivables with customers						$	264.7					$	273.2

Accounts receivable, net, consisted of the following (in millions):

						March 31, 2024						December 31, 2023
Contracts in progress									$	262.7								$	271.7
Unbilled retentions						0.1						—
Trade receivables						2.0						1.9
Other receivables						4.6						5.2
Allowance for expected credit losses (1)						(0.1)						(0.4)
Total						$	269.3					$	278.4

(1) There was no change to the allowance for expected credit losses as a result of the adoption of ASU 2016-13 on January 1, 2023.

Schedule of Disaggregation of Revenue

The following table disaggregates DBMG's revenue by market (in millions):

												Three Months Ended March 31,
																		2024						2023
Transportation																		$	100.4					$	41.5
Industrial																		84.1						91.3
Commercial																		77.3						112.5
Healthcare																		34.3						31.4
Convention																		5.5						25.4
Government																		2.7						3.7
Energy																		2.2						2.7
Leisure																		1.0						3.2
Total revenue from contracts with customers																		$	307.5					$	311.7
Other revenue																		0.4						—
Total Infrastructure segment revenue																		$	307.9					$	311.7

The following table disaggregates the Life Sciences segment's revenue by type (in millions):

												Three Months Ended March 31,
																		2024						2023
Systems and consumables revenue																		$	1.0					$	0.5
Total Life Sciences segment revenue																		$	1.0					$	0.5

The following table disaggregates the Spectrum segment's revenue by type (in millions):

												Three Months Ended March 31,
																		2024						2023
Broadcast station																		$	6.3					$	5.2
Other																		—						0.5
Total Spectrum segment revenue																		$	6.3					$	5.7

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):

						March 31, 2024						December 31, 2023
Costs incurred on contracts in progress						$	2,979.0					$	2,811.8
Estimated earnings						548.2						510.1
Contract revenue earned on uncompleted contracts						3,527.2						3,321.9
Less: progress billings						3,570.4						3,356.8
						$	(43.2)					$	(34.9)
The above is included in the accompanying Condensed Consolidated Balance Sheets under the following line items:
Contract assets						$	82.2					$	118.6
Contract liabilities						(125.4)						(153.5)
						$	(43.2)					$	(34.9)

Schedule of Contract with Customer, Asset and Liability

						March 31, 2024						December 31, 2023
Cost in excess of billings and estimated earnings									$	46.4								$	73.8
Conditional retainage						35.8						44.8
Contract assets						$	82.2					$	118.6
Billings in excess of costs and estimated earnings						$	(194.5)					$	(229.3)
Conditional retainage						69.1						75.8
Contract liabilities						$	(125.4)					$	(153.5)

Schedule of Remaining Performance Obligations

As of March 31, 2024, the transaction price allocated to remaining unsatisfied performance obligations consisted of the following (in millions):

						Within One Year						Within Five Years												Total
Healthcare						$	175.0					$	194.5											$	369.5
Commercial						219.0						0.4												219.4
Industrial						174.3						0.4												174.7
Transportation						107.0						32.1												139.1
Government						9.8						—												9.8
Convention						8.2						—												8.2
Energy						1.9						—												1.9
Leisure						2.6						—												2.6
Remaining unsatisfied performance obligations						$	697.8					$	227.4											$	925.2

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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.

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