Note 9 - Receivables, Net

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Financing Receivables [Text Block]

9.  Receivables, net 

Receivables include billed and unbilled amounts for services provided to clients for which we have an unconditional right to payment as of the end of the applicable period and generally do not bear interest. The following table presents major categories of receivables:

(in thousands)	March 31, 2022		December 31, 2021		March 31, 2021
Contracts completed and in progress:
Billed	$	158,762	$	236,053	$	137,174
Unbilled		111,058		126,371		111,654
Total contracts completed and in progress		269,820		362,424		248,828
Materials sales		45,967		43,746		35,252
Other		65,520		59,496		110,487
Total gross receivables		381,307		465,666		394,567
Less: allowance for credit losses		805		1,078		1,284
Total net receivables	$	380,502	$	464,588	$	393,283

Included in other receivables at  March 31, 2022, December 31, 2021 and March 31, 2021, were items such as estimated recovery from back charge claims, notes receivable, insurance receivable, fuel tax refunds and income tax refunds. Other receivables at March 31, 2022 and December 31, 2021 also included $24.9 million and $20.4 million of working capital contributions in the form of a loan to a partner in one of our unconsolidated joint ventures that bears interest at prime plus 3.00% per annum. Other than the $63.0 million insurance receivable as of March 31, 2021 related to the settlement discussed in Note 18, no other receivable individually exceeded 10% of total net receivables at any of these dates.