Quarterly report pursuant to Section 13 or 15(d)

Contracts in Progress (Tables)

v3.19.3
Contracts in Progress (Tables)
9 Months Ended
Sep. 30, 2019
Contracts in Progress  
Schedule Of Contracts In Progress

 

 

 

 

 

 

 

(in thousands)

    

September 30, 2019

    

December 31, 2018

Revenue earned on uncompleted contracts

 

$

809,414

 

$

731,923

Less: Billings to date

 

 

(808,191)

 

 

(750,068)

Net underbilling (overbilling)

 

$

1,223

 

 

(18,145)

 

 

 

 

 

 

 

The above is reflected in the accompanying Condensed Consolidated Balance Sheets as follows:

 

 

 

 

 

  

Costs and estimated earnings in excess of billing on uncompleted contracts

 

$

45,974

 

$

32,698

Billings in excess of costs and estimated earnings on uncompleted contracts

 

 

(44,751)

 

 

(50,843)

Net underbilling (overbilling)

 

$

1,223

 

$

(18,145)