Gulf Island Fabrication, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Costs and Estimated Earnings on Uncompleted Contracts - Uncompleted Contracts Included in Accompanying Consolidated Balance Sheets (Detail)

Costs and Estimated Earnings on Uncompleted Contracts - Uncompleted Contracts Included in Accompanying Consolidated Balance Sheets (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Contractors [Abstract]
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)us-gaap_BillingsInExcessOfCostCurrent	(35,006)us-gaap_BillingsInExcessOfCostCurrent
Costs and Estimated Earnings in Excess of Billings	$ 8,223	$ (10,279)

- Definition

Liability attributable to (i) billings in excess of costs under the percentage of completion contract accounting method representing the difference between contractually invoiced amounts (billings) and revenue recognized based, for example, on costs incurred to estimated total costs at period end or (ii) contractually invoiced amounts (billings) in excess of costs incurred and accumulated under the completed contract accounting method that are expected to be realized within one year or one operating cycle, whichever is longer, from the reporting date.

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