Quarterly report pursuant to Section 13 or 15(d)

REVENUE (Tables)

v3.22.2
REVENUE (Tables)
6 Months Ended
Jun. 30, 2022
REVENUE.  
Schedule of disaggregation of revenue

Disaggregated revenue by type of contract was as follows:  

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands)

2022

2021

2022

2021

Cost-plus reimbursement contracts

$

39,771

$

82,071

$

94,026

$

137,664

Fixed-price contracts

16,288

9,500

31,592

14,758

Total

$

56,059

$

91,571

$

125,618

$

152,422

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

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands)

2022

2021

2022

2021

United States

$

56,059

$

81,718

$

120,116

$

132,908

Canada

-

9,853

5,502

19,514

Total

$

56,059

$

91,571

$

125,618

$

152,422

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

Three Months Ended June 30,

Six Months Ended June 30,

(in thousands)

2022

2021

2022

  

2021

Costs incurred on uncompleted contracts

$

53,778

$

82,218

$

117,628

$

136,971

Earnings recognized on uncompleted contracts

2,281

9,353

 

7,990

 

15,451

Total

56,059

91,571

125,618

 

152,422

Less—billings to date

(44,865)

(80,589)

(114,424)

 

(141,440)

Net

$

11,194

$

10,982

$

11,194

$

10,982

Contract assets

$

13,483

$

12,265

$

13,483

$

12,265

Contract liabilities

(2,289)

(1,283)

(2,289)

 

(1,283)

Net

$

11,194

$

10,982

$

11,194

$

10,982

Schedule of transaction price allocated to the remaining performance obligations

(in thousands)

Remainder of 2022

2023

2024

Thereafter

Total

Remaining performance obligations

$

98,141

$

38,916

$

10,762

$

86,484

$

234,303