Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]

Contract Assets and Liabilities

The components of the contract asset balances as of the respective dates were as follows:

(in thousands)	December 31, 2023		December 31, 2022
Costs in excess of billings and estimated earnings	$	100,106	$	80,357
Contract retention	162,881		161,559
Total contract assets	$	262,987	$	241,916

The components of the contract liability balances as of the respective dates were as follows:

(in thousands)	December 31, 2023		December 31, 2022
Billings in excess of costs and estimated earnings	$	227,913	$	152,294
Provisions for losses	15,935		20,992
Total contract liabilities	$	243,848	$	173,286