Quarterly report [Sections 13 or 15(d)]

REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract Balances (Details)

v3.25.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract Balances (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]        
Accounts receivable, net $ 226,656 [1] $ 256,961 [1] $ 146,836 $ 153,362
Accounts receivable retainage, net 45,276 39,843 32,158 33,826
Contract Assets:        
Unbilled revenue 559,049 [1] 644,105 [1] 652,428 636,163
Contract Liabilities:        
Deferred revenue 91,219 91,734 61,267 52,903
Deferred revenue, non-current 31,904 29,885 19,883 18,393
Total contract liabilities $ 123,123 $ 121,619 $ 81,150 $ 71,296
[1] Includes restricted assets of consolidated variable interest entities (“VIEs”) at March 31, 2025 and December 31, 2024 of $171,034 and $158,548, respectively. Includes liabilities of consolidated VIEs at March 31, 2025 and December 31, 2024 of $47,771 and $16,871, respectively. See Note 13.