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Revenue (Tables)
12 Months Ended
Dec. 31, 2021
Revenue From Contract With Customer [Abstract]  
Summary of Type of Work and Customer, Contract Revenues

The following table sets forth, by type of work, the Company’s contract revenues for the years ended December 31, 2021, 2020 and 2019:

 

Revenues

 

2021

 

 

2020

 

 

2019

 

Capital—U.S.

 

$

397,034

 

 

$

336,163

 

 

$

299,706

 

Capital—foreign

 

 

6,596

 

 

 

25,892

 

 

 

48,619

 

Coastal protection

 

 

169,678

 

 

 

201,361

 

 

 

182,369

 

Maintenance

 

 

132,551

 

 

 

148,767

 

 

 

104,753

 

Rivers & lakes

 

 

20,290

 

 

 

21,418

 

 

 

76,071

 

Total revenues

 

$

726,149

 

 

$

733,601

 

 

$

711,518

 

The following table sets forth, by type of customer, the Company’s contract revenues for the years ended December 31, 2021, 2020 and 2019:

 

Revenues

 

2021

 

 

2020

 

 

2019

 

Federal government

 

$

568,980

 

 

$

582,949

 

 

$

581,157

 

State and local government

 

 

118,712

 

 

 

85,737

 

 

 

71,398

 

Private

 

 

31,861

 

 

 

39,023

 

 

 

10,344

 

Foreign

 

 

6,596

 

 

 

25,892

 

 

 

48,619

 

Total revenues

 

$

726,149

 

 

$

733,601

 

 

$

711,518

 

Schedule of Accounts Receivable

Accounts receivable at December 31, 2021 and December 31, 2020 are as follows:

 

 

 

 

2021

 

 

 

2020

 

Completed contracts

 

$

10,612

 

 

$

12,347

 

Contracts in progress

 

 

65,415

 

 

 

21,239

 

Retainage

 

 

7,490

 

 

 

5,968

 

 

 

 

83,517

 

 

 

39,554

 

Allowance for doubtful accounts

 

 

(564

)

 

 

(564

)

 

 

 

 

 

 

 

 

 

Total accounts receivable—net

 

$

82,953

 

 

$

38,990

 

Components of Contracts in Progress

The components of contracts in progress at December 31, 2021 and December 31, 2020 are as follows:

 

 

 

 

2021

 

 

 

2020

 

Costs and earnings in excess of billings:

 

 

 

 

 

 

 

 

Costs and earnings for contracts in progress

 

$

270,998

 

 

$

199,964

 

Amounts billed

 

 

(240,941

)

 

 

(168,569

)

Costs and earnings in excess of billings for contracts in progress

 

 

30,057

 

 

 

31,395

 

Costs and earnings in excess of billings for completed contracts

 

 

10,894

 

 

 

2,823

 

Total contract revenues in excess of billings

 

$

40,951

 

 

$

34,218

 

 

 

 

 

 

 

 

 

 

Current portion of contract revenues in excess of billings

 

$

39,844

 

 

$

32,106

 

Long-term contract revenues in excess of billings

 

 

1,107

 

 

 

2,112

 

Total contract revenues in excess of billings

 

$

40,951

 

 

$

34,218

 

 

 

 

 

 

 

 

 

 

Billings in excess of costs and earnings:

 

 

 

 

 

 

 

 

Amounts billed

 

$

(224,381

)

 

$

(550,468

)

Costs and earnings for contracts in progress

 

 

209,567

 

 

 

517,860

 

 

 

 

 

 

 

 

 

 

Total billings in excess of contract revenues

 

$

(14,814

)

 

$

(32,608

)

Summary of Revenues and Gross Profit from Foreign Project Operations

The Company derived revenues and gross profit (loss) from foreign project operations for the years ended December 31, 2021, 2020, and 2019, as follows:

 

 

 

2021

 

 

2020

 

 

2019

 

Contract revenues

 

$

6,596

 

 

$

25,892

 

 

$

48,619

 

Costs of contract revenues

 

 

(9,281

)

 

 

(34,529

)

 

 

(66,347

)

Gross profit (loss)

 

$

(2,685

)

 

$

(8,637

)

 

$

(17,728

)