Quarterly report pursuant to Section 13 or 15(d)

Construction Contract and Other Service Revenues (Tables)

v3.23.2
Construction Contract and Other Service Revenues (Tables)
 6 Months Ended
Jun. 30, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
We disaggregate in the table below our construction contract and other service revenues by compensation arrangement as we believe it best depicts the nature, timing and uncertainty of our revenue (in thousands):
For the Three Months Ended June 30, For the Six Months Ended June 30,
2023 2022 2023 2022
Construction contract revenue:
Firm fixed price $ 9,403  $ 3,257  $ 15,282  $ 6,701 
Guaranteed maximum price 2,001  36,503  8,744  84,426 
Cost-plus fee 2,558  2,255  5,267  3,561 
Other 281  542  770  1,069 
$ 14,243  $ 42,557  $ 30,063  $ 95,757 
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 Six Months Ended June 30,
2023 2022
Beginning balance $ 7,618  $ 7,193 
Ending balance $ 8,127  $ 4,751 
The beginning and ending balances of our contract assets were as follows (in thousands):
For the Six Months Ended June 30,
2023 2022
Beginning balance $ 22,331  $ 22,384 
Ending balance $ 20,494  $ 29,223 
Changes in contract liabilities were as follows (in thousands):
For the Six Months Ended June 30,
2023 2022
Beginning balance $ 2,867  $ 2,499 
Ending balance $ 3,028  $ 2,363 
Portion of beginning balance recognized in revenue during:
Three months ended June 30,
 $ 23  $ 164 
Six months ended June 30,
 $ 100  $ 190