Annual report pursuant to Section 13 and 15(d)

Construction Contract and Other Service Revenues (Tables)

v3.19.3.a.u2
Construction Contract and Other Service Revenues (Tables)
 12 Months Ended
Dec. 31, 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 Years Ended December 31,
 
2019
 
2018
 
2017
Construction contract revenue:
 
 
 
 
 
GMP
$
67,708

 
$
34,050

 
$
78,401

FFP
10,688

 
20,327

 
22,607

Cost-plus fee
34,386

 
5,540

 
801

Other
981

 
942

 
1,031

 
$
113,763

 
$
60,859

 
$
102,840


The table below reports construction contract and other service revenues by service type (in thousands):
 
For the Years Ended December 31,
 
2019
 
2018
 
2017
Construction contract revenue:
 
 
 
 
 
Construction
$
112,170

 
$
57,986

 
$
94,471

Design
612

 
1,931

 
7,338

Other
981

 
942

 
1,031

 
$
113,763

 
$
60,859

 
$
102,840


Schedule of Accounts Receivable The beginning and ending balances of accounts receivable related to our construction contracts were as follows (in thousands):
 
For the Years Ended December 31,
 
2019
 
2018
Beginning balance
$
6,701

 
$
4,577

Ending balance
$
12,378

 
$
6,701


Contract with Customer, Asset and Liability
Contract assets, which we refer to herein as construction contract costs in excess of billings, are included in prepaid expenses and other assets, net reported on our consolidated balance sheets. The beginning and ending balances of our contract assets were as follows (in thousands):
 
For the Years Ended December 31,
 
2019
 
2018
Beginning balance
$
3,189

 
$
4,884

Ending balance
$
17,223

 
$
3,189


Contract liabilities are included in other liabilities reported on our consolidated balance sheets. Changes in contract liabilities were as follows (in thousands):
 
For the Years Ended December 31,
 
2019
 
2018
Beginning balance
$
568

 
$
27,402

Ending balance
$
1,184

 
$
568

Portion of beginning balance recognized in revenue during the year
$
446

 
$
27,296