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Construction Contracts (Tables)
 3 Months Ended
Mar. 31, 2020
Contractors [Abstract]  
Summary of balances and changes of construction contracts
The Company’s balances and changes in construction contract price allocated to unsatisfied performance obligations (backlog) as of March 31, 2020 and 2019 were as follows (in thousands):
 
 
Three Months Ended March 31,
 
 
2020
 
2019
Beginning backlog
 
$
242,622

 
$
165,863

New contracts/change orders
 
40,440

 
12,019

Work performed
 
(47,420
)
 
(17,011
)
Ending backlog
 
$
235,642

 
$
160,871


The following table summarizes the changes to the balances in the Company’s construction contract costs and estimated earnings in excess of billings account and the billings in excess of construction contract costs and estimated earnings account for the three months ended March 31, 2020 and 2019 (in thousands):
 
 
Three Months Ended 
March 31, 2020
 
Three Months Ended 
March 31, 2019
 
 
Construction contract costs and estimated earnings in excess of billings
 
Billings in excess of construction contract costs and estimated earnings
 
Construction contract costs and estimated earnings in excess of billings
 
Billings in excess of construction contract costs and estimated earnings
Beginning balance
 
$
249

 
$
5,306

 
$
1,358

 
$
3,037

Revenue recognized that was included in the balance at the beginning of the period
 
—

 
(5,306
)
 
—

 
(3,037
)
Increases due to new billings, excluding amounts recognized as revenue during the period
 
—

 
6,311

 
—

 
3,859

Transferred to receivables
 
(285
)
 
—

 
(1,358
)
 
—

Construction contract costs and estimated earnings not billed during the period
 
458

 
—

 
17

 
—

Changes due to cumulative catch-up adjustment arising from changes in the estimate of the stage of completion
 
36

 
—

 
300

 
(237
)
Ending balance
 
$
458

 
$
6,311

 
$
317

 
$
3,622
Net position of uncompleted construction contracts
The Company’s net position on uncompleted construction contracts comprised the following as of March 31, 2020 and December 31, 2019 (in thousands):
 
March 31, 2020
 
December 31, 2019
Costs incurred on uncompleted construction contracts
$
741,116

 
$
695,564

Estimated earnings
26,240

 
24,553

Billings
(773,209
)
 
(725,174
)
Net position
$
(5,853
)
 
$
(5,057
)
 
 
 
 
Construction contract costs and estimated earnings in excess of billings
$
458

 
$
249

Billings in excess of construction contract costs and estimated earnings
(6,311
)
 
(5,306
)
Net position
$
(5,853
)
 
$
(5,057
)