Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents (including $73,794 and $51,171 Cash of consolidated joint ventures)	$ 182,688	$ 280,221
Restricted cash and investments	12,686	974
Accounts receivable, net (including $180,325 and $166,355 Accounts receivable of consolidated joint ventures, net)	671,492	623,286
Contract assets (including $21,270 and $26,458 Contract assets of consolidated joint ventures)	575,089	515,319
Prepaid expenses and other current assets (including $11,837 and $11,182 Prepaid expenses and other current assets of consolidated joint ventures)	84,454	69,007
Total current assets	1,526,409	1,488,807
Property and equipment, net (including $2,561 and $2,945 Property and equipment of consolidated joint ventures, net)	122,751	91,849
Right of use assets, operating leases	233,415
Goodwill	1,047,425	736,938
Investments in and advances to unconsolidated joint ventures	68,620	63,560
Intangible assets, net	259,858	179,519
Deferred tax assets	130,401	5,680
Other noncurrent assets	61,489	46,225
Total assets	3,450,368	2,612,578
Current liabilities
Accounts payable (including $87,914 and $85,869 Accounts payable of consolidated joint ventures)	216,613	226,345
Accrued expenses and other current liabilities (including $73,209 and $74,857 Accrued expenses and other current liabilities of consolidated joint ventures)	639,863	559,700
Contract liabilities (including $38,706 and $32,638 Contract liabilities of consolidated joint ventures)	230,681	208,576
Short-term lease liabilities, operating leases	49,994
Income taxes payable	7,231	11,540
Total current liabilities	1,144,382	1,006,161
Long-term employee incentives	56,928	41,913
Deferred gain resulting from sale-leaseback transactions		46,004
Long-term debt	249,353	429,164
Long-term lease liabilities, operating leases	203,624	0
Deferred tax liabilities	9,621	6,240
Other long-term liabilities	125,704	127,863
Total liabilities	1,789,612	1,657,345
Contingencies (Note 15)
Redeemable common stock held by Employee Stock Ownership Plan (ESOP), $1 par value; 78,172,809 and 0 shares outstanding, recorded at redemption value		1,876,309
Shareholders' equity (deficit)
Common stock, $1 par value; authorized 1,000,000,000 shares; 125,097,684 and 146,440,701 shares issued; 0 and 21,772,888; 0 and 78,896,806 shares and ESOP shares outstanding	146,441
Treasury stock, 46,918,140 and 45,771,008 shares at cost	(934,240)	(957,025)
Additional paid-in capital	2,649,975
Retained earnings (accumulated deficit)	(218,025)	12,445
Accumulated other comprehensive income	(14,261)	(22,957)
Total Parsons Corporation shareholders' equity (deficit)	1,629,890	(967,537)
Noncontrolling interests	30,866	46,461
Total shareholders' equity (deficit)	1,660,756	(921,076)
Total liabilities, redeemable common stock and shareholders' equity (deficit)	$ 3,450,368	$ 2,612,578