Construction Contract and Other Service Revenues (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024		2023
Construction contract revenue:
Guaranteed maximum price	$	13,640	$	6,743
Firm fixed price	10,900		5,879
Cost-plus fee	1,486		2,709
Other	577		489
	$	26,603	$	15,820

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 Three Months Ended March 31,
	2024		2023
Beginning balance	$	10,500	$	7,618
Ending balance	$	12,734	$	6,786

The beginning and ending balances of our contract assets were as follows (in thousands):

	For the Three Months Ended March 31,
	2024		2023
Beginning balance	$	15,086	$	22,331
Ending balance	$	25,857	$	20,619

Changes in contract liabilities were as follows (in thousands):

	For the Three Months Ended March 31,
	2024		2023
Beginning balance	$	4,176	$	2,867
Ending balance	$	2,783	$	3,399
Portion of beginning balance recognized in revenue during period	$	1,487	$	77