Annual report pursuant to Section 13 and 15(d)

COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

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COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)
12 Months Ended
Dec. 31, 2013
Text Block [Abstract]  
Information with Respect to Uncompleted Contracts

Information with respect to uncompleted contracts as of December 31 is as follows (in thousands):

 

     2013     2012  

Costs incurred on uncompleted contracts

   $ 991,123      $ 659,422   

Estimated profit earned to date

     40,045        21,883   
  

 

 

   

 

 

 
     1,031,168        681,305   

Less billings to date

     1,041,447        683,486   
  

 

 

   

 

 

 
   $ (10,279   $ (2,181
  

 

 

   

 

 

 

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):

 

     2013     2012  

Costs and estimated earnings in excess of billings on uncompleted contracts

   $ 24,727      $ 26,317   

Billings in excess of costs and estimated earnings on uncompleted contracts

     (35,006     (28,498
  

 

 

   

 

 

 
   $ (10,279   $ (2,181