Annual report pursuant to Section 13 and 15(d)

COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

v2.4.1.9
COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)
12 Months Ended
Dec. 31, 2014
Text Block [Abstract]  
Information with Respect to 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
  

 

 

    

 

 

 
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):

 

     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