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Revenue (Tables)
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Schedule of Remaining Performance Obligations

The Company expects to recognize the remaining performance obligations as revenue in future periods as follows:

 

(millions) (unaudited)

 

Remaining

Performance

Obligations

 

2021

 

$

39.0

 

2022

 

 

30.7

 

2023

 

 

20.8

 

2024

 

 

10.6

 

2025

 

 

4.5

 

2026 and thereafter

 

 

3.3

 

Total

 

$

108.9

 

 

Schedule of Contract with Customer, Asset and Liabilities

The following table provides information about accounts receivable, contract assets and contract liabilities with customers and clients as of March 31, 2021 (unaudited) and December 31, 2020:

 

(millions)

 

March 31, 2021

 

 

December 31,

2020

 

Accounts receivable

 

$

96.1

 

 

$

102.7

 

Contract asset

 

 

6.0

 

 

 

8.6

 

Contract liability

 

 

(8.2

)

 

 

(12.5

)

 

The following table provides information about changes to contract asset balances during the three months ended March 31, 2021 and 2020 (unaudited):

 

 

 

Three Months Ended

 

(millions)

 

March 31, 2021

 

 

March 31, 2020

 

Balance, beginning of period

 

$

8.6

 

 

$

11.0

 

Additional contract assets

 

 

6.0

 

 

 

10.2

 

Reclassification to accounts receivable

 

 

(8.6

)

 

 

(11.0

)

Balance, end of period

 

$

6.0

 

 

$

10.2

 

 

The following table provides information about changes to contract liability balances during the three months ended March 31, 2021 and 2020 (unaudited):

 

 

 

Three Months Ended

 

(millions)

 

March 31, 2021

 

 

March 31, 2020

 

Balance, beginning of period

 

$

(12.5

)

 

$

(19.4

)

Additional contract liabilities

 

 

(8.2

)

 

 

(13.5

)

Recognition of revenue from contract liabilities

 

 

12.5

 

 

 

19.4

 

Balance, end of period

 

$

(8.2

)

 

$

(13.5

)

 

Schedule of Amortization Expense Related to Cost of Contracts Amortization expense of cost of contracts related to service concession arrangements within the scope of Topic 853 and certain management type contracts are recorded as a reduction of revenue and were not significant for the three months ended March 31, 2021 and 2020, respectively.  Amortization expense related to cost of contracts for the three months ended March 31, 2021 and 2020 (unaudited) was as follows:

 

 

 

Three Months Ended

 

(millions)

 

March 31, 2021

 

 

March 31, 2020

 

Amortization expense

 

$

0.3

 

 

$

0.4