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Construction Contracts (Tables)
 6 Months Ended
Jun. 30, 2024
Contractors [Abstract]  
Schedule of Balances and Changes of Construction Contracts
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 six months ended June 30, 2024 and 2023 (in thousands):
Six Months Ended 
June 30, 2024		Six Months Ended 
June 30, 2023
Construction contract costs and estimated earnings in excess of billingsBillings in excess of construction contract costs and estimated earningsConstruction contract costs and estimated earnings in excess of billingsBillings in excess of construction contract costs and estimated earnings
Beginning balance$104 $21,414 $342 $17,515 
Revenue recognized that was included in the balance at the beginning of the period— (21,414)— (17,515)
Increases due to new billings, excluding amounts recognized as revenue during the period— 21,454 — 19,282 
Transferred to receivables(106)— (343)— 
Construction contract costs and estimated earnings not billed during the period542 — 406 — 
Changes due to cumulative catch-up adjustment arising from changes in the estimate of the stage of completion2 (2,036)1 (971)
Ending balance$542 $19,418 $406 $18,311 
The Company’s balances and changes in construction contract price allocated to unsatisfied performance obligations (backlog) as of June 30, 2024 and 2023 were as follows (in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
Beginning backlog$343,406 $651,840 $472,169 $665,564 
New contracts/change orders76,585 43,975 75,181 114,767 
Work performed(117,141)(103,029)(244,500)(187,545)
Ending backlog$302,850 $592,786 $302,850 $592,786 
Schedule of Net Position of Uncompleted Construction Contracts
The Company’s net position on uncompleted construction contracts comprised the following as of June 30, 2024 and December 31, 2023 (in thousands):
 June 30, 2024December 31, 2023
Costs incurred on uncompleted construction contracts$820,166 $718,571 
Estimated earnings29,958 26,089 
Billings(869,000)(765,970)
Net position$(18,876)$(21,310)
Construction contract costs and estimated earnings in excess of billings$542 $104 
Billings in excess of construction contract costs and estimated earnings(19,418)(21,414)
Net position$(18,876)$(21,310)
The above table reflects the net effect of projects closed as of June 30, 2024 and December 31, 2023, as applicable.