Annual report pursuant to Section 13 and 15(d)

Contracts Receivable Including Retainage, net

v3.20.2
Contracts Receivable Including Retainage, net
 12 Months Ended
Sep. 30, 2020
Contractors [Abstract]  
Contracts Receivable Including Retainage, net Contracts Receivable Including Retainage, net
Contracts receivable including retainage, net consisted of the following at September 30, 2020 and 2019 (in thousands):
September 30,
2020 2019
Contracts receivable $ 112,197  $ 121,050 
Retainage 21,013  19,835 
133,210  140,885 
Allowance for doubtful accounts (1,440) (1,003)
Contracts receivable including retainage, net $ 131,770  $ 139,882 
The following is a summary of changes in the allowance for doubtful accounts balance during the fiscal years ended September 30, 2020 and 2019 (in thousands):
For the Fiscal Year Ended 
September 30,
2020 2019
Balance at beginning of period $ 1,003  $ 1,098 
Charged to bad debt expense 705  995 
Write-off of contracts receivable including retainage (268) (1,090)
Balance at end of period $ 1,440  $ 1,003 
Retainage receivables have been billed, but are not due, until contract completion and acceptance by the customer.