COPT Defense Properties Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition on Construction Contract and Other Service Revenues (Tables)

3 Months Ended

Mar. 31, 2018

The table below reports construction contract and other service revenues by compensation arrangement (in thousands):



	For the Three Months Ended March 31,
	2018		2017
Construction contract revenues:
GMP	$	20,486	$	6,589
FFP	6,435		6,198
Cost-plus fee	58		17
Other	219		230
	$	27,198	$	13,034

The table below reports construction contract and other service revenues by service type (in thousands):



	For the Three Months Ended March 31,
	2018		2017
Construction contract revenues:
Construction	$	25,915	$	10,091
Design	1,064		2,713
Other	219		230
	$	27,198	$	13,034

The beginning and ending balances of accounts receivable related to our construction contracts were as follows (in thousands):



	For the Three Months Ended March 31,
	2018		2017
Beginning balance	$	4,577	$	4,131
Ending balance	$	4,021	$	7,376

The beginning and ending balances of our contract assets were as follows (in thousands):



	For the Three Months Ended March 31,
	2018		2017
Beginning balance	$	4,884	$	10,350
Ending balance	$	4,250	$	4,451

Changes in contract liabilities were as follows (in thousands):



	For the Three Months Ended March 31,
	2018		2017
Beginning balance	$	27,402	$	32,650
Ending balance	$	8,279	$	40,485
Revenue recognized included in beginning balance	$	19,297	$	4,199