Quarterly report pursuant to Section 13 or 15(d)

Construction Contract and Other Service Revenues (Tables)

v3.19.3
Construction Contract and Other Service Revenues (Tables)
9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue The table below reports construction contract and other service revenues by compensation arrangement (in thousands):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Construction contract revenues:
 
 
 
 
 
 
 
Guaranteed maximum price
$
16,217

 
$
1,840

 
$
54,365

 
$
31,865

Firm fixed price
2,349

 
3,653

 
6,009

 
16,376

Cost-plus fee
9,906

 
2,719

 
26,935

 
4,273

Other
225

 
211

 
637

 
688

 
$
28,697

 
$
8,423

 
$
87,946

 
$
53,202


The table below reports construction contract and other service revenues by service type (in thousands):
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Construction contract revenues:
 
 
 
 
 
 
 
Construction
$
27,988

 
$
8,160

 
$
86,487

 
$
50,743

Design
484

 
52

 
822

 
1,771

Other
225

 
211

 
637

 
688

 
$
28,697

 
$
8,423

 
$
87,946

 
$
53,202


Schedule of Accounts Receivable The beginning and ending balances of accounts receivable related to our construction contracts were as follows (in thousands):
 
For the Nine Months Ended September 30,
 
2019
 
2018
Beginning balance
$
6,701

 
$
4,577

Ending balance
$
15,494

 
$
5,571


Contract with Customer, Asset and Liability The beginning and ending balances of our contract assets were as follows (in thousands):
 
For the Nine Months Ended September 30,
 
2019
 
2018
Beginning balance
$
3,189

 
$
4,884

Ending balance
$
16,743

 
$
2,821


Changes in contract liabilities were as follows (in thousands):
 
For the Nine Months Ended September 30,
 
2019
 
2018
Beginning balance
$
568

 
$
27,402

Ending balance
$
725

 
$
560

Portion of beginning balance recognized in revenue during:
 
 
 
Three months ended September 30
$

 
$

Nine months ended September 30
$
445

 
$
27,296