Annual report pursuant to Section 13 and 15(d)

CONTRACT REVENUE AND PERCENTAGE-OF-COMPLETION METHOD (Tables)

v3.6.0.2
CONTRACT REVENUE AND PERCENTAGE-OF-COMPLETION METHOD (Tables)
 12 Months Ended
Dec. 31, 2016
Revenue Recognition [Abstract]  
Information with Respect to Uncompleted Contracts
Information with respect to uncompleted contracts as of December 31, is as follows (in thousands):
 
2016
 
2015
Costs incurred on uncompleted contracts
$
246,424

 
$
437,658

Estimated profit earned to date
21,363

 
7,777

Sub-total
267,787

 
445,435

Less billings to date
244,935

 
439,694

Total
$
22,852

 
$
5,741

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):
 
2016
 
2015
Contracts in progress
$
26,829

 
$
12,822

Advance billings on contracts
(3,977
)
 
(7,081
)
Total
$
22,852

 
$
5,741

Summary of Revenues from Customers
Revenues from customers comprising 10% or more of the Company’s total revenue for the years ended December 31, 2016, 2015 and 2014, respectively, are summarized as follows (in thousands):
Customer
2016
 
2015
 
2014
A
$
65,981

 
*

 
*

B
*

 
$
55,775

 
$
160,173

C
*

 
$
36,320

 
*

D
*

 
*

 
$
98,644

*
The customer revenue was less than 10% of the total revenue for the year.
Company Revenues by Geographic Location
Revenues related to fabricated structures for delivery outside of the United States accounted for 14%, 6%, and 10% of the Company’s revenues for the years ended December 31, 2016, 2015 and 2014, respectively, and are summarized as follows (in thousands):
 
2016
 
2015
 
2014
Location:
 
 
 
 
 
United States
$
245,039

 
$
287,892

 
$
456,839

International
41,287

 
18,228

 
49,800

Total
$
286,326

 
$
306,120

 
$
506,639