| 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, |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
| Construction contract revenue: |
|
|
|
|
|
|
|
| Guaranteed maximum price |
$ |
27,928 |
|
|
$ |
15,846 |
|
|
$ |
112,354 |
|
|
$ |
29,335 |
|
| Firm fixed price |
3,121 |
|
|
7,042 |
|
|
9,822 |
|
|
10,954 |
|
| Cost-plus fee |
3,196 |
|
|
4,742 |
|
|
6,757 |
|
|
23,075 |
|
| Other |
568 |
|
|
416 |
|
|
1,637 |
|
|
1,228 |
|
|
$ |
34,813 |
|
|
$ |
28,046 |
|
|
$ |
130,570 |
|
|
$ |
64,592 |
|
The table below reports construction contract and other service revenues by service type (in thousands):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended September 30, |
|
For the Nine Months Ended September 30, |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
| Construction contract revenue: |
|
|
|
|
|
|
|
| Construction |
$ |
33,920 |
|
|
$ |
26,893 |
|
|
$ |
128,318 |
|
|
$ |
61,477 |
|
| Design |
325 |
|
|
737 |
|
|
615 |
|
|
1,887 |
|
| Other |
568 |
|
|
416 |
|
|
1,637 |
|
|
1,228 |
|
|
$ |
34,813 |
|
|
$ |
28,046 |
|
|
$ |
130,570 |
|
|
$ |
64,592 |
|
|
| Contract with Customer, Contract Asset, Contract Liability and 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, |
|
2022 |
|
2021 |
| Beginning balance |
$ |
7,193 |
|
|
$ |
13,997 |
|
| Ending balance |
$ |
6,283 |
|
|
$ |
5,726 |
|
The beginning and ending balances of our contract assets were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, |
|
2022 |
|
2021 |
| Beginning balance |
$ |
22,384 |
|
|
$ |
10,343 |
|
| Ending balance |
$ |
26,562 |
|
|
$ |
12,987 |
|
Changes in contract liabilities were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, |
|
2022 |
|
2021 |
| Beginning balance |
$ |
2,499 |
|
|
$ |
4,610 |
|
| Ending balance |
$ |
5,846 |
|
|
$ |
3,818 |
|
| Portion of beginning balance recognized in revenue during: |
|
|
|
Three months ended September 30, |
$ |
14 |
|
|
$ |
9 |
|
Nine months ended September 30, |
$ |
204 |
|
|
$ |
2,626 |
|
|