v3.26.1
Costs and Estimated Earnings on Uncompleted Contracts
 3 Months Ended
Mar. 31, 2026
Costs and Estimated Earnings on Uncompleted Contracts [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts 4.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

The Company’s costs and estimated earnings on uncompleted contracts are comprised of the following:

As of

As of

March 31, 2026

December 31, 2025

(in thousands)

Costs incurred on uncompleted contracts

$

150,545

$

146,706

Estimated earnings

55,185

53,594

Billings to date

(188,063)

(179,329)

$

17,667

$

20,971


‎

These amounts are included in the Consolidated Balance Sheets under the following captions:

As of

As of

March 31, 2026

December 31, 2025

(in thousands)

Costs and estimated earnings in excess of billings on uncompleted contracts

$

23,326

$

28,152

Billings in excess of costs and estimated earnings on

uncompleted contracts (included in Other current liabilities)

(5,659)

(7,181)

$

17,667

$

20,971

At March 31, 2026 and December 31, 2025, the two largest customers comprised 94.7% and 95.4%, respectively, of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings on uncompleted contracts.