Quarterly report [Sections 13 or 15(d)]

REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract Balances (Details)

v3.25.2
REVENUE FROM CONTRACTS WITH CUSTOMERS - Contract Balances (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]        
Accounts receivable, net $ 245,852 [1] $ 256,961 [1] $ 154,665 $ 153,362
Accounts receivable retainage, net 47,826 39,843 39,225 33,826
Contract Assets:        
Unbilled revenue 592,871 [1] 644,105 [1] 651,748 636,163
Contract Liabilities:        
Deferred revenue 96,448 91,734 97,493 52,903
Deferred revenue, non-current 34,717 29,885 20,340 18,393
Total contract liabilities $ 131,165 $ 121,619 $ 117,833 $ 71,296
[1] Includes restricted assets of consolidated variable interest entities (“VIEs”) at June 30, 2025 and December 31, 2024 of $233,193 and $158,548, respectively. Includes liabilities of consolidated VIEs at June 30, 2025 and December 31, 2024 of $104,183 and $16,871, respectively. See Note 13.