Revenue from Contracts with Customers
|6 Months Ended|
Jun. 30, 2023
|Revenue from Contract with Customer [Abstract]|
|Revenue from Contracts with Customers||
Note 4. Revenue from Contracts with Customers
Revenue disaggregated by reportable segment is presented in Note 19. Segment Information.
Contract assets relate to uncompleted Engineering contracts. As of June 30, 2023 and December 31, 2022, contract assets were $19.1 million and $19.7 million, respectively.
Contract liabilities primarily relate to upfront payments and consideration received for Data Center Hosting services and uncompleted Engineering contracts. The following table presents changes in contract liabilities and deferred revenue:
Remaining performance obligation
The following table presents the Company’s remaining performance obligations, which represent the transaction price of contracts for work that has not yet been performed.
The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef