Annual report pursuant to Section 13 and 15(d)

Contracts Receivable Including Retainage, net

v3.21.2
Contracts Receivable Including Retainage, net
 12 Months Ended
Sep. 30, 2021
Contractors [Abstract]  
Contracts Receivable Including Retainage, net Contracts Receivable Including Retainage, net
Contracts receivable including retainage, net consisted of the following at September 30, 2021 and 2020 (in thousands):
September 30,
2021 2020
Contracts receivable $ 132,456  $ 112,197 
Retainage 27,640  21,013 
160,096  133,210 
Allowance for doubtful accounts (1,926) (1,440)
Contracts receivable including retainage, net $ 158,170  $ 131,770 
The following is a summary of changes in the allowance for doubtful accounts balance during the fiscal years ended September 30, 2021 and 2020 (in thousands):
For the Fiscal Year Ended 
September 30,
2021 2020
Balance at beginning of period $ 1,440  $ 1,003 
Charged to bad debt expense 784  705 
Write-off of contracts receivable including retainage (298) (268)
Balance at end of period $ 1,926  $ 1,440 
Retainage receivables have been billed, but are not due, until contract completion and acceptance by the customer.