Annual report pursuant to Section 13 and 15(d)

CONTRACT REVENUE AND PERCENTAGE OF COMPLETION METHOD (Tables)

v3.3.1.900
CONTRACT REVENUE AND PERCENTAGE OF COMPLETION METHOD (Tables)
 12 Months Ended
Dec. 31, 2015
Revenue Recognition [Abstract]  
Information with Respect to Uncompleted Contracts
Information with respect to uncompleted contracts as of December 31, is as follows (in thousands):
 
2015
 
2014
Costs incurred on uncompleted contracts
$
437,658

 
$
742,608

Estimated profit earned to date
7,777

 
53,551

 
445,435

 
796,159

Less billings to date
439,694

 
787,936

 
$
5,741

 
$
8,223

Uncompleted Contracts Included in Accompanying Consolidated Balance Sheets
The above amounts are included in the accompanying consolidated balance sheets at December 31 under the following captions (in thousands):
 
2015
 
2014
Costs and estimated earnings in excess of billings on uncompleted contracts
$
12,822

 
$
26,989

Billings in excess of costs and estimated earnings on uncompleted contracts
(7,081
)
 
(18,766
)
 
$
5,741

 
$
8,223

Summary of Revenues from Customers
Revenues from customers comprising 10% or more of the Company’s total revenue for the years ended December 31, 2015, 2014 and 2013, respectively, are summarized as follows (in thousands): 
Customer
2015
 
2014
 
2013
A
$
55,775

 
$
160,173

 
*

B
36,320

 
*

 
*

C
*

 
98,644

 
*

D
*

 
*

 
216,875

E
*

 
*

 
148,539

Company Revenues by Geographic Location
Revenues related to fabricated structures for delivery outside of the United States accounted for 6%, 10%, and 6% of the Company’s revenues for the years ended December 31, 2015, 2014 and 2013, respectively, as follows (in thousands):
 
2015
 
2014
 
2013
Location:
 
 
 
 
 
United States
$
287,892

 
$
456,839

 
$
570,726

International
18,228

 
49,800

 
37,600

Total
$
306,120

 
$
506,639

 
$
608,326