Annual report pursuant to Section 13 and 15(d)

Contracts in Progress (Tables)

v3.19.1
Contracts in Progress (Tables)
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Schedule Of Contracts In Progress [Table Text Block]
(
in thousands
)
 
December 31, 2018
 
 
December 31, 2017
 
Revenue earned on uncompleted contracts
 
$
731,923
 
 
$
557,164
 
Less: Billings to date
 
 
(750,068
)
 
 
(552,701
)
Net underbilling (overbilling)
 
$
(18,145
)
 
 
4,463
 
 
 
 
 
 
 
 
 
 
The above is reflected in the accompanying consolidated balance sheets as follows:
 
 
 
 
 
 
 
 
Costs and estimated earnings in excess of billing on uncompleted contracts
 
 
32,698
 
 
 
33,006
 
Billings in excess of costs and estimated earnings on uncompleted contracts
 
 
(50,843
)
 
 
(28,543
)
Net underbilling (overbilling)
 
$
(18,145
)
 
$
4,463