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Costs And Estimated Earnings On Uncompleted Contracts
 9 Months Ended
Sep. 30, 2014
Costs And Estimated Earnings On Uncompleted Contracts [Abstract]  
Costs And Estimated Earnings On Uncompleted Contracts

8.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Costs and estimated earnings on uncompleted contracts consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

As of

 

 

September 30, 2014

 

December 31, 2013

 

 

 

 

 

 

 

 

 

(in thousands)

Costs incurred on uncompleted contracts

 

$
121,782 

 

$
94,145 

Estimated earnings

 

 
53,720 

 

 
32,547 

Billings to date

 

 
(153,216)

 

 
(108,070)

 

 

$
22,286 

 

$
18,622 

 

These amounts are included in the accompanying Consolidated Balance Sheets under the following captions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

As of

 

 

September 30, 2014

 

December 31, 2013

 

 

 

 

 

 

 

 

 

(in thousands)

Costs and estimated earnings in excess of

 

 

 

 

 

 

    billings on uncompleted contracts

 

$
29,105 

 

$
27,864 

Other current liabilities (Billings in excess of costs and

 

 

 

 

 

 

    estimated earnings on uncompleted contracts)

 

 
(6,819)

 

 
(9,242)

 

 

$
22,286 

 

$
18,622 

 

Eight significant customers comprised 87.8% and 89.6% of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings on uncompleted contracts at September 30, 2014 and December 31, 2013, respectively.