Quarterly report pursuant to Section 13 or 15(d)

Contracts in Progress (Tables)

v3.8.0.1
Contracts in Progress (Tables)
3 Months Ended
Mar. 31, 2018
Property, Plant and Equipment [Abstract]  
Schedule Of Contracts In Progress [Table Text Block]
(in thousands)
 
March 31, 2018
 
December 31, 2017
 
Revenue earned on uncompleted contracts
 
$
571,474
 
$
557,164
 
Less: Billings to date
 
 
(572,686)
 
 
(552,701)
 
Net underbilling (overbilling)
 
$
(1,212)
 
 
4,463
 
 
 
 
 
 
 
 
 
The above is reflected in the accompanying Condensed Consolidated Balance Sheets as follows:
 
 
 
 
 
 
 
Costs and estimated earnings in excess of billing on uncompleted contracts
 
$
29,969
 
$
33,006
 
Billings in excess of costs and estimated earnings on uncompleted contracts
 
 
(31,181)
 
 
(28,543)
 
Net underbilling (overbilling)
 
$
(1,212)
 
$
4,463