v3.26.3
Uncompleted Contracts (Tables)
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Changes in Contract Assets and Liabilities
The changes in contract assets and liabilities were as follows:
September 30, 2026December 31, 2025Change
(In thousands)
Contract assets$149,395 $77,528 $71,867 
Contract liabilities(27,730)(33,773)6,043 
Net contract assets
$121,665 $43,755 $77,910 

September 30, 2025December 31, 2024Change
(In thousands)
Contract assets1
$67,886 $31,283 $36,603 
Contract liabilities1
(42,837)(42,126)(711)
Net contract assets (liabilities)$25,049 $(10,843)$35,892 
1.Following the issuance of the FASB Staff Educational Paper on Topic 606: Presentation and Disclosure of Retainage for Construction Contractors, we have reclassed retention receivables on a contract-by-contract basis from accounts receivable to contract assets and liabilities. The change in presentation was on a prospective basis beginning with balances as of December 31, 2025