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Concentration of Risk and Enterprise Wide Disclosures
6 Months Ended
Jun. 30, 2018
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 June 30, 2018 and December 31, 2017, respectively:

 
June 30, 2018
 
December 31, 2017
Federal Government
$
2,907

3
%
 
$
3,509

3
%
State Governments
2,713

2
%
 
4,503

3
%
Local Governments
19,910

17
%
 
18,256

15
%
Private Companies
89,394

78
%
 
97,874

79
%
Total current receivables
$
114,924

100
%
 
$
124,142

100
%


At June 30, 2018 and December 31, 2017, no single customer accounted for more than 10% of total current receivables.

Additionally, the table below represents concentrations of contract revenue by type of customer for the three and six months ended June 30, 2018 and 2017, respectively:

 
Three months ended June 30,
 
Six months ended June 30,
 
2018

 
%

 
2017

 
%

 
2018
 
%
 
2017
 
%
Federal Government
$
16,077

 
10
%
 
$
18,360

 
13
%
 
$
29,100

 
10
%
 
$
38,092

 
14
%
State Governments
9,898

 
6
%
 
12,706

 
9
%
 
18,274

 
6
%
 
24,726

 
9
%
Local Governments
20,522

 
13
%
 
20,731

 
15
%
 
43,752

 
15
%
 
44,556

 
16
%
Private Companies
113,270

 
71
%
 
85,623

 
63
%
 
205,484

 
69
%
 
168,803

 
61
%
Total contract revenues
$
159,767

 
100
%
 
$
137,420

 
100
%
 
$
296,610

 
100
%
 
$
276,177

 
100
%


In the three months ended June 30, 2018, a private customer generated 16% of total contract revenues. In the three months ended June 30, 2017, no single customer accounted for more than 10% of total contract revenues. In the six months ended June 30, 2018, a private customer generated 12% of total contract revenues. In the six months ended, June 30, 2017, no single customer accounted for more than 10% of total contract revenues.

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

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