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Unearned Revenue (Tables)
12 Months Ended
Dec. 31, 2018
Deferred Revenue Disclosure [Abstract]  
Schedule of Unearned Revenue

The following tables present our unearned revenue as of the respective periods (in thousands):

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Transportation

 

Water

 

Specialty

 

Total

 

California

$

314,261

 

$

6,163

 

$

57,820

 

$

378,244

 

Northwest

 

319,589

 

 

786

 

 

81,951

 

 

402,326

 

Heavy Civil

 

1,473,455

 

 

21,951

 

 

 

 

1,495,387

 

Federal

 

 

 

 

 

130,644

 

 

130,663

 

Midwest

 

78,004

 

 

211

 

 

203,601

 

 

281,816

 

Water and Mineral Services

 

 

 

189,597

 

 

 

 

189,597

 

Total

$

2,185,309

 

$

218,708

 

$

474,016

 

$

2,878,033

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 1, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Transportation

 

Water

 

Specialty

 

Total

 

California

$

299,552

 

$

27,328

 

$

79,176

 

$

406,056

 

Northwest

 

273,864

 

 

2,606

 

 

39,112

 

 

315,582

 

Heavy Civil

 

2,194,430

 

 

38,183

 

 

 

 

2,232,613

 

Federal

 

317

 

 

4,212

 

 

162,641

 

 

167,170

 

Midwest

 

90,584

 

 

1,961

 

 

365,767

 

 

458,312

 

Water and Mineral Services

 

 

 

4,116

 

 

 

 

4,116

 

Total

$

2,858,747

 

$

78,406

 

$

646,696

 

$

3,583,849

 

The components of the contract asset balances as of the respective dates were as follows (in thousands):

 

December 31, 2018

 

January 1, 2018

 

Costs in excess of billings and estimated earnings

$

120,223

 

$

69,755

 

Contract retention

 

99,531

 

 

91,135

 

Total contract assets

$

219,754

 

$

160,890

 

 

The following table summarizes changes in the contract asset balance for the period presented (in thousands):

Balance at January 1, 2018

$

160,890

 

Change in the measure of progress on projects, net

 

911,109

 

Acquired contract assets

 

45,353

 

Revisions in estimates, net

 

(11,180

)

Billings

 

(823,286

)

Receipts related to contract retention

 

(63,132

)

Balance at December 31, 2018

$

219,754

 

 

The components of the contract liability balances as of the respective dates were as follows (in thousands):

 

December 31, 2018

 

January 1, 2018

 

Billings in excess of costs and estimated earnings, net of retention

$

103,250

 

$

82,750

 

Provisions for losses

 

2,199

 

 

924

 

Total contract liabilities

$

105,449

 

$

83,674

 

 

The following table summarizes changes in the contract liability balance for the period presented (in thousands):

Balance at January 1, 2018

$

83,674

 

Change in the measure of progress on projects, net

 

(1,332,400

)

Acquired contract liabilities

 

7,974

 

Revisions in estimates, net

 

(4,450

)

Billings

 

1,349,441

 

Change in provision for loss, net

 

1,210

 

Balance at December 31, 2018

$

105,449