Annual report pursuant to Section 13 and 15(d)

COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

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COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS
12 Months Ended
Dec. 31, 2014
Text Block [Abstract]  
COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

4. COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

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

 

     2014      2013  

Costs incurred on uncompleted contracts

   $ 742,608       $ 991,123   

Estimated profit earned to date

     53,551         40,045   
  

 

 

    

 

 

 
     796,159         1,031,168   

Less billings to date

     787,936         1,041,447   
  

 

 

    

 

 

 
   $ 8,223       $ (10,279
  

 

 

    

 

 

 

The above amounts are included in the accompanying consolidated balance sheets at December 31 under the following captions (in thousands):

 

     2014     2013  

Costs and estimated earnings in excess of billings on uncompleted contracts

   $ 26,989      $ 24,727   

Billings in excess of costs and estimated earnings on uncompleted contracts

     (18,766     (35,006
  

 

 

   

 

 

 
   $ 8,223      $ (10,279