Annual report pursuant to Section 13 and 15(d)

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

v3.8.0.1
CONTRACT REVENUE AND PERCENTAGE-OF-COMPLETION METHOD (Tables)
 12 Months Ended
Dec. 31, 2017
Revenue Recognition [Abstract]  
Information with Respect to Uncompleted Contracts
Information with respect to uncompleted contracts as of December 31, is as follows (in thousands):
 
2017
 
2016
Costs incurred on uncompleted contracts
$
266,902

 
$
246,424

Estimated profit (loss) earned to date
(19,336
)
 
21,363

Sub-total
247,566

 
267,787

Less billings to date
224,329

 
244,935

Total
$
23,237

 
$
22,852

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):
 
2017
 
2016
Contracts in progress
$
28,373

 
$
26,829

Advance billings on contracts
(5,136
)
 
(3,977
)
Total
$
23,237

 
$
22,852

Summary of Revenues from Customers
Revenue from customers comprising 10% or more of the Company’s total revenue for the years ended December 31, 2017, 2016 and 2015, respectively, are summarized as follows (in thousands):
Customer
2017
 
2016
 
2015
A
$
44,724

 
*

 
*

B
$
21,781

 
*

 
*

C
*

 
$
65,981

 
*

D
*

 
*

 
$
55,775

E
*

 
*

 
$
36,320


_____________
* The customer revenue was less than 10% of the total revenue for the year.
Company Revenues by Geographic Location
Revenue related to fabricated structures for delivery outside of the United States accounted for 0%, 14%, and 6% of the Company’s revenue for the years ended December 31, 2017, 2016 and 2015, respectively, and are summarized as follows (in thousands):
 
2017
 
2016
 
2015
Location:
 
 
 
 
 
United States
$
171,022

 
$
245,039

 
$
287,892

International
—

 
41,287

 
18,228

Total
$
171,022

 
$
286,326

 
$
306,120