Annual report pursuant to Section 13 and 15(d)

Contracts in Progress (Tables)

v3.7.0.1
Contracts in Progress (Tables)
12 Months Ended
Dec. 31, 2016
Property, Plant and Equipment [Abstract]  
Schedule Of Contracts In Progress [Table Text Block]
 
 
Successor
 
 
Predecessor
 
(in thousands)
 
December 31, 2016
 
 
December 31, 2015
 
Revenue earned on uncompleted contracts
 
$
532,549
 
 
$
390,847
 
Less: Billings to date
 
 
(539,780)
 
 
 
(396,374)
 
Net overbilling
 
$
(7,231)
 
 
 
(5,527)
 
 
 
 
 
 
 
 
 
 
The above is reflected in the accompanying consolidated balance sheets as follows:
 
 
 
 
 
 
 
 
Costs and estimated earnings in excess of billing on uncompleted contracts
 
 
31,959
 
 
 
20,745
 
Billings in excess of costs and estimated earnings on uncompleted contracts
 
 
(39,190)
 
 
 
(26,272)
 
Net overbilling
 
$
(7,231)
 
 
$
(5,527)
 
Schedule Of Costs And Estimated Earnings In Excess Of Billings On Uncompleted Contracts [Table Text Block]
The current estimated net realizable value on such items as recorded in costs and estimated earnings in excess of billings on uncompleted contracts in the consolidated balance sheets is listed below at December 31:
 
 
 
Successor
 
 
Predecessor
 
 
 
2016
 
 
2015
 
(in thousands)
 
 
 
 
 
 
 
 
Gross amount of unresolved change orders and claims
 
$
7,932
 
 
$
5,658
 
Valuation allowance
 
 
-
 
 
 
-
 
Net amount of unresolved change orders and claims
 
$
7,932
 
 
$
5,658