Quarterly report pursuant to Section 13 or 15(d)

Construction Contract and Other Service Revenues (Tables)

v3.23.3
Construction Contract and Other Service Revenues (Tables)
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of construction contract and other service revenues by compensation arrangement
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 September 30, For the Nine Months Ended September 30,
2023 2022 2023 2022
Construction contract revenue:
Firm fixed price $ 6,616  $ 3,121  $ 21,898  $ 9,822 
Guaranteed maximum price 2,817  27,928  11,561  112,354 
Cost-plus fee 2,205  3,196  7,472  6,757 
Other 311  568  1,081  1,637 
$ 11,949  $ 34,813  $ 42,012  $ 130,570 
Schedule of accounts receivable, contract assets and contract liabilities 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,
2023 2022
Beginning balance $ 7,618  $ 7,193 
Ending balance $ 5,367  $ 6,283 
The beginning and ending balances of our contract assets were as follows (in thousands):
For the Nine Months Ended September 30,
2023 2022
Beginning balance $ 22,331  $ 22,384 
Ending balance $ 8,356  $ 26,562 
Changes in contract liabilities were as follows (in thousands):
For the Nine Months Ended September 30,
2023 2022
Beginning balance $ 2,867  $ 2,499 
Ending balance $ 3,938  $ 5,846 
Portion of beginning balance recognized in revenue during:
Three months ended September 30,
 $ 64  $ 14 
Nine months ended September 30,
 $ 164  $ 204