v3.26.1
Contract Assets and Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Assets and Liabilities

The following table reflects the balances in contract assets and liabilities:

 

 

 

June 30,

 

 

December 31,

 

 

 

 

(in thousands)

 

2026

 

 

2025

 

 

Change

 

Contract assets

 

$

10,195

 

 

$

15,964

 

 

$

(5,769

)

Contract liabilities

 

 

(528,405

)

 

 

(170,025

)

 

 

(358,380

)

Deferred income

 

 

(16,722

)

 

 

(24,598

)

 

 

7,876

 

Noncurrent deferred income

 

 

(75,558

)

 

 

(10,819

)

 

 

(64,739

)

Total contract assets and liabilities, net

 

$

(610,490

)

 

$

(189,478

)

 

$

(421,012

)