Williams Industrial Services Group Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

REVENUE (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of disaggregation of revenue

Disaggregated revenue by type of contract was as follows:


		Three Months Ended March 31,
(in thousands)		2022			2021
Cost-plus reimbursement contracts		$	54,255		$	55,593
Fixed-price contracts			15,304			5,258
Total		$	69,559		$	60,851

Disaggregated revenue by the geographic area where the work was performed was as follows:


		Three Months Ended March 31,
(in thousands)		2022			2021
United States		$	64,057		$	51,190
Canada			5,502			9,661
Total		$	69,559		$	60,851

Costs and estimated earnings in excess of billings or billings in excess of costs and estimated earnings


		Three Months Ended March 31,
(in thousands)		2022			2021
Costs incurred on uncompleted contracts		$	63,850		$	54,753
Earnings recognized on uncompleted contracts			5,709			6,098
Total			69,559			60,851
Less—billings to date			(59,438)			(50,301)
Net		$	10,121		$	10,550
Contract assets		$	12,838		$	12,528
Contract liabilities			(2,717)			(1,978)
Net		$	10,121		$	10,550

Schedule of transaction price allocated to the remaining performance obligations


(in thousands)		Remainder of 2022			2023			2024			Thereafter			Total
Remaining performance obligations		$	121,843		$	65,730		$	27,148		$	42,235		$	256,956