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Revenue Recognition (Tables)
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

Disaggregation of Revenue

 

Year ended December 31,

 

 

2022

 

 

2021

 

 

2020

 

Client Markets:

 

 

 

 

 

 

 

 

Energy, environment, and infrastructure

$

664,996

 

 

$

653,080

 

 

$

609,358

 

Health, education, and social programs

 

906,081

 

 

 

677,736

 

 

 

677,454

 

Safety and security

 

129,357

 

 

 

115,659

 

 

 

120,599

 

Consumer and financial

 

79,530

 

 

 

106,573

 

 

 

99,464

 

Total

$

1,779,964

 

 

$

1,553,048

 

 

$

1,506,875

 

 

 

Year ended December 31,

 

 

2022

 

 

2021

 

 

2020

 

Client Type:

 

 

 

 

 

 

 

 

U.S. federal government

$

980,406

 

 

$

735,104

 

 

$

666,968

 

U.S. state and local government

 

260,562

 

 

 

235,353

 

 

 

219,507

 

International government

 

102,808

 

 

 

139,237

 

 

 

93,581

 

Government

 

1,343,776

 

 

 

1,109,694

 

 

 

980,056

 

Commercial

 

436,188

 

 

 

443,354

 

 

 

526,819

 

Total

$

1,779,964

 

 

$

1,553,048

 

 

$

1,506,875

 

 

 

Year ended December 31,

 

 

2022

 

 

2021

 

 

2020

 

Contract Mix:

 

 

 

 

 

 

 

 

Time-and-materials

$

713,581

 

 

$

633,152

 

 

$

732,365

 

Fixed-price

 

802,804

 

 

 

645,761

 

 

 

536,903

 

Cost-based

 

263,579

 

 

 

274,135

 

 

 

237,607

 

Total

$

1,779,964

 

 

$

1,553,048

 

 

$

1,506,875

 

Schedule of Contract Balances and Changes in Contract Balances

Contract Balances:

Contract assets consist primarily of unbilled amounts resulting from long-term contracts when revenue recognized exceeds the amount billed often due to billing schedule timing. Contract liabilities result from advance payments received on a contract or from billings in excess of revenue recognized on long-term contracts due to billing schedule timing.

The following table summarizes the contract balances as of December 31, 2022 and December 31, 2021:

 

 

December 31, 2022

 

 

December 31, 2021

 

 

Change

 

Contract assets

$

169,088

 

 

$

137,867

 

 

$

31,221

 

Contract liabilities

 

(25,773

)

 

 

(39,665

)

 

 

13,892

 

Net contract assets (liabilities)

$

143,315

 

 

$

98,202

 

 

$

45,113

 

 

The net contract assets (liabilities) as of December 31, 2022 increased by $45.1 million as compared to December 31, 2021, primarily due to the timing difference between the performance of services and billings to and payments from customers. There were no material changes to contract balances due to impairments or credit losses during the period. During the years ended December 31, 2022 and 2021, the Company recognized $27.4 million and $22.7 million in revenue related to the contract liabilities balance at December 31, 2021 and 2020, respectively.