Annual report pursuant to Section 13 and 15(d)

Contracts Receivable Including Retainage, net

v3.22.2.2
Contracts Receivable Including Retainage, net
 12 Months Ended
Sep. 30, 2022
Contractors [Abstract]  
Contracts Receivable Including Retainage, net Contracts Receivable Including Retainage, net
Contracts receivable including retainage, net consisted of the following at September 30, 2022 and 2021 (in thousands):
September 30,
2022 2021
Contracts receivable $ 221,566  $ 132,456 
Retainage 44,253  27,640 
265,819  160,096 
Allowance for doubtful accounts (612) (1,926)
Contracts receivable including retainage, net $ 265,207  $ 158,170 
The following is a summary of changes in the allowance for doubtful accounts balance during the fiscal years ended September 30, 2022 and 2021 (in thousands):
For the Fiscal Year Ended 
September 30,
2022 2021
Balance at beginning of period $ 1,926  $ 1,440 
Charged (credited) to bad debt expense (947) 784 
Write-off of contracts receivable including retainage (367) (298)
Balance at end of period $ 612  $ 1,926 
Retainage receivables have been billed and the Company has an unconditional right to payment, but are not due until satisfactory contract completion and acceptance by the customer.