v3.26.1
Contracts in Progress
6 Months Ended
Jun. 30, 2026
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]  
Contracts in Progress Contracts in Progress
The following table reflects the calculation of the net balance of contract assets and contract liabilities. Costs and estimated earnings on contracts in progress consist of the following (in thousands):
June 30, 2026December 31, 2025
Costs incurred on uncompleted contracts$548,994 $489,795 
Estimated contract earnings in excess of costs incurred
831,388 750,896 
Estimated contract earnings to date1,380,382 1,240,691 
Less: billed to date(1,327,505)(1,198,144)
Net contract assets$52,877 $42,547