Note 7 - Receivables, Net

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Financing Receivables [Text Block]

7. Receivables, net

Receivables include billed and unbilled amounts for services provided to clients for which we have an unconditional right to payment as of the end of the applicable period and generally do not bear interest. The following table presents major categories of receivables (in thousands):

December 31,	2022		2021 (1)
Contracts completed and in progress:
Billed	$	220,809	$	236,053
Unbilled		120,348		126,371
Total contracts completed and in progress		341,157		362,424
Materials sales		52,182		43,746
Other		71,790		59,496
Total gross receivables		465,129		465,666
Less: allowance for credit losses		1,142		1,078
Total net receivables	$	463,987	$	464,588

(1) These balances do not include amounts held for sale (see Note 2).

Included in other receivables at  December 31, 2022 and 2021 were items such as estimated recovery from back charge claims, notes receivable, fuel tax refunds and income tax refunds. Other receivables at December 31, 2022 and 2021 and also included $24.9 million and $20.4 million of working capital contributions in the form of a loan to a partner in one of our unconsolidated joint ventures that bears interest at prime plus 3.0% per annum. No receivable individually exceeded 10% of total net receivables at any of these dates.