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Revenue (Tables)
9 Months Ended
Sep. 30, 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

 

$

17.4

 

2022

 

 

49.5

 

2023

 

 

34.7

 

2024

 

 

20.4

 

2025

 

 

10.1

 

2026 and thereafter

 

 

18.6

 

Total

 

$

150.7

 

 

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 September 30, 2021 (unaudited) and December 31, 2020:

 

(millions)

 

September 30, 2021

 

 

December 31,

2020

 

Accounts receivable

 

$

115.0

 

 

$

102.7

 

Contract asset

 

 

6.3

 

 

 

8.6

 

Contract liability

 

 

(12.5

)

 

 

(12.5

)

 

The following table provides information about changes to contract assets during the nine months ended September 30, 2021 and 2020 (unaudited):

 

 

 

Nine Months Ended

 

(millions)

 

September 30, 2021

 

 

September 30, 2020

 

Balance, beginning of period

 

$

8.6

 

 

$

11.0

 

Additional contract assets

 

 

6.3

 

 

 

6.3

 

Reclassification to accounts receivable

 

 

(8.6

)

 

 

(11.0

)

Balance, end of period

 

$

6.3

 

 

$

6.3

 

 

The following table provides information about changes to contract liabilities during the nine months ended September 30, 2021 and 2020 (unaudited):

 

 

 

Nine Months Ended

 

(millions)

 

September 30, 2021

 

 

September 30, 2020

 

Balance, beginning of period

 

$

(12.5

)

 

$

(19.4

)

Additional contract liabilities

 

 

(12.5

)

 

 

(8.7

)

Recognition of revenue from contract liabilities

 

 

12.5

 

 

 

19.4

 

Balance, end of period

 

$

(12.5

)

 

$

(8.7

)

 

Schedule of Cost of Contracts Expense Cost of contracts expense related to service concession arrangements within the scope of Topic 853 and certain management type contracts are recorded as a reduction of revenue.  Cost of contracts expense for the three and nine months ended September 30, 2021 and 2020 (unaudited) was as follows:

 

 

 

Three Months Ended

 

Nine Months Ended

 

(millions)

 

September 30, 2021

 

 

September 30, 2020

 

September 30, 2021

 

 

September 30, 2020

 

Cost of contracts expense

 

$

0.3

 

 

$

0.2

 

$

0.8

 

 

$

0.6