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Costs and Estimated Earnings on Uncompleted Contracts
 12 Months Ended
Dec. 31, 2018
Costs and Estimated Earnings on Uncompleted Contracts [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts

9.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

The Company’s costs and estimated earnings on uncompleted contracts are comprised of the following:





 

 

 

 

 

 



 

 

 

 

 

 



 

As of

 

As of



 

December 31, 2018

 

December 31, 2017



 

 

 

 

 

 



 

(in thousands)

Costs incurred on uncompleted contracts

 

$

 38,464 

 

$

 31,404 

Estimated earnings

 

 

 16,655 

 

 

 10,541 

Billings to date

 

 

 (31,952)

 

 

 (24,771)



 

$

 23,167 

 

$

 17,174 



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





 

 

 

 

 

 



 

 

 

 

 

 



 

As of

 

As of



 

December 31, 2018

 

December 31, 2017



 

 

 

 

 

 



 

(in thousands)

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$

 23,785 

 

$

 17,437 

Billings in excess of costs and estimated earnings on

 

 

 

 

 

 

uncompleted contracts (included in Other current liabilities)

 

 

 (618)

 

 

 (263)



 

$

 23,167 

 

$

 17,174 



At December 31, 2018 and 2017,  eight customers comprised 96.3% and 87.9%,  respectively, of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings, respectively.