XML 26 R12.htm IDEA: XBRL DOCUMENT v3.6.0.2
Concentration of Risk and Enterprise Wide Disclosures
12 Months Ended
Dec. 31, 2016
Risks and Uncertainties [Abstract]  
Concentration of Risk and Enterprise Wide Disclosures
Concentration of Risk and Enterprise Wide Disclosures

Accounts receivable include amounts billed to governmental agencies and private customers and do not bear interest. Balances billed to customers but not paid pursuant to retainage provisions generally become payable upon contract completion and acceptance by the owner. The table below presents the concentrations of current receivables (trade and retainage) at December 31, 2016 and December 31, 2015, respectively:

 
December 31, 2016
 
December 31, 2015
Federal Government
$
5,542

4
%
 
$
4,230

4
%
State Governments
9,302

7
%
 
1,274

1
%
Local Governments
20,886

16
%
 
19,660

18
%
Private Companies
96,673

73
%
 
82,627

77
%
Total receivables
$
132,403

100
%
 
$
107,791

100
%


At December 31, 2016 and 2015, no single customer accounted for more than 10.0% of total current receivables.

Additionally, the table below represents concentrations of revenue by type of customer for the years ended December 31, 2016, 2015 and 2014.
 
Year ended December 31,
 
2016
 
%
 
2015
 
%
 
2014
 
%
Federal Government
$
40,361

 
7
%
 
$
45,439

 
10
%
 
$
47,390

 
13
%
State Governments
$
37,700

 
7
%
 
$
42,026

 
9
%
 
$
43,147

 
11
%
Local Governments
$
94,461

 
16
%
 
$
130,187

 
28
%
 
$
97,145

 
25
%
Private Companies
$
405,714

 
70
%
 
$
248,846

 
53
%
 
$
198,136

 
51
%
Total contract revenues
$
578,236

 
100
%
 
$
466,498

 
100
%
 
$
385,818

 
100
%


In the years ended December 31, 2016, 2015 and 2014 , no single customer exceeded 10.0% of total contract revenues.

The Company does not believe that the loss of any one of these customers would have a material adverse effect on the Company and its subsidiaries and affiliates since no single specific customer sustains such a large portion of receivables or contract revenue over time.

In addition, the commercial concrete construction segment primarily purchases concrete from select suppliers. The loss of one of these suppliers could adversely impact short-term operations.

Revenues generated outside the United States totaled 1.3%, 4.1% and 12.9% of total revenues for the years ended 2016, 2015 and 2014, respectively and were primarily located in the Caribbean.