Contracts in Progress (Tables)

3 Months Ended

Mar. 31, 2023

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]

Summary of Costs and Estimated Earnings on Contracts

The following table reflects the calculation of the net balance of contract assets and contract liabilities. Costs and estimated earnings on contracts in progress consist of the following (in thousands):

	March 31, 2023		December 31, 2022
Costs incurred on uncompleted contracts	$	297,222	$	279,173
Estimated contract earnings in excess of costs	418,496		398,791
Estimated contract earnings to date	715,718		677,964
Less: billed to date	(702,625)		(668,013)
Net contract assets	$	13,093	$	9,951