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Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

The Company disaggregates revenue from clients into categories that depict how the nature, amount, and uncertainty of revenue and cash flows are affected by economic and business factors. Those categories are client market, client type, and contract mix.

 

 

 

Three Months Ended March 31,

 

 

 

 

2025

 

 

2024

 

 

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

Client Markets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Energy, environment, infrastructure, and disaster recovery

 

$

238,570

 

 

 

49

%

 

$

224,692

 

 

 

45

%

 

Health and social programs

 

 

169,023

 

 

 

35

%

 

 

190,892

 

 

 

39

%

 

Security and other civilian & commercial

 

 

80,025

 

 

 

16

%

 

 

78,852

 

 

 

16

%

 

Total

 

$

487,618

 

 

 

100

%

 

$

494,436

 

 

 

100

%

 

 

 

 

Three Months Ended March 31,

 

 

 

 

2025

 

 

2024

 

 

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

Client Type:

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. federal government

 

$

239,620

 

 

 

49

%

 

$

274,195

 

 

 

55

%

 

U.S. state and local government

 

 

76,865

 

 

 

16

%

 

 

76,953

 

 

 

16

%

 

International government

 

 

27,075

 

 

 

5

%

 

 

25,263

 

 

 

5

%

 

Total Government

 

 

343,560

 

 

 

70

%

 

 

376,411

 

 

 

76

%

 

Commercial

 

 

144,058

 

 

 

30

%

 

 

118,025

 

 

 

24

%

 

Total

 

$

487,618

 

 

 

100

%

 

$

494,436

 

 

 

100

%

 

 

 

 

Three Months Ended March 31,

 

 

 

 

2025

 

 

2024

 

 

 

 

Dollars

 

 

Percent

 

 

Dollars

 

 

Percent

 

 

Contract Mix:

 

 

 

 

 

 

 

 

 

 

 

 

 

Time-and-materials

 

$

209,046

 

 

 

43

%

 

$

206,153

 

 

 

42

%

 

Fixed-price

 

 

238,072

 

 

 

49

%

 

 

224,796

 

 

 

45

%

 

Cost-based

 

 

40,500

 

 

 

8

%

 

 

63,487

 

 

 

13

%

 

Total

 

$

487,618

 

 

 

100

%

 

$

494,436

 

 

 

100

%

 

Schedule of Contract Assets and Liabilities

The following table summarizes the contract assets and liabilities as of March 31, 2025 and December 31, 2024:

 

 

 

March 31, 2025

 

 

December 31, 2024

 

Contract assets

 

$

228,314

 

 

$

188,941

 

Contract liabilities

 

 

(27,407

)

 

 

(24,580

)

Net contract assets (liabilities)

 

$

200,907

 

 

$

164,361