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Accounts Receivable, Net
12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
Accounts Receivable, Net
4. Accounts Receivable, Net

Accounts receivable, net, consisted of the following (in millions):
December 31,
 20252024
Contracts in progress$237.0 $184.9 
Unbilled retentions0.1 0.1 
Trade receivables3.6 3.3 
Other receivables0.6 5.8 
Allowance for expected credit losses
(0.2)(0.1)
Total$241.1 $194.0 

As of January 1, 2024, accounts receivable, net totaled $278.4 million.
For the years ended December 31, 2025 and 2024, the Company recognized expected credit losses of $0.5 million and a reversal of expected credit losses of $0.1 million, respectively.