CONTRACT ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Costs and Estimated Profits on Uncompleted Contracts Included in Condensed Consolidated Balance Sheets

Costs and estimated profits on uncompleted contracts and related amounts billed were as follows (in thousands):


	June 30, 2026		December 31, 2025
Costs incurred on uncompleted contracts	$	248,513	$	147,866
Estimated profits, thereon	123,376		71,260
Total costs and estimated profits on uncompleted contracts	371,889		219,126
Less: billings to date	334,564		180,960
Net	$	37,325	$	38,166

Such amounts were included in the accompanying unaudited condensed consolidated balance sheets for June 30, 2026 and December 31, 2025 under the following captions (in thousands):


	June 30, 2026		December 31, 2025
Costs and estimated profits in excess of billings	$	58,958	$	53,855
Billings in excess of costs and estimated profits	(21,633)		(15,689)

Net	$	37,325	$	38,166