Construction Contract and Other Service Revenues (Tables)

12 Months Ended

Dec. 31, 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 Years Ended December 31,
	2023		2022		2021
Construction contract revenue:
FFP	$	30,846	$	15,119	$	13,897
GMP	18,178		129,149		68,113
Cost-plus fee	9,843		8,320		24,260
Other	1,312		2,044		1,606
	$	60,179	$	154,632	$	107,876

Contract Asset, Contract Liability and Receivable

Accounts receivable related to our construction contract services is included in accounts receivable, net on our consolidated balance sheets. The beginning and ending balances of accounts receivable related to our construction contracts were as follows (in thousands):

	For the Years Ended December 31,
	2023		2022
Beginning balance	$	7,618	$	7,193
Ending balance	$	10,500	$	7,618

Contract assets are included in prepaid expenses and other assets, net on our consolidated balance sheets. The beginning and ending balances of our contract assets were as follows (in thousands):

	For the Years Ended December 31,
	2023		2022
Beginning balance	$	22,331	$	22,384
Ending balance	$	15,086	$	22,331

Contract liabilities are included in other liabilities on our consolidated balance sheets. Changes in contract liabilities were as follows (in thousands):

	For the Years Ended December 31,
	2023		2022
Beginning balance	$	2,867	$	2,499
Ending balance	$	4,176	$	2,867
Portion of beginning balance recognized in revenue during the year	$	326	$	278