XML 17 R8.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Contracts in Process
6 Months Ended
Jun. 30, 2011
Contracts in Process  
Contracts in Process

4. Contracts in Process

        The net asset (liability) position for contracts in process consisted of the following:

(In thousands)
  June 30, 2011   December 31, 2010  
 

Costs incurred on uncompleted contracts

  $ 932,906   $ 810,463  
 

Estimated earnings

    114,350     92,102  
           

 

    1,047,256     902,565  
 

Less: Billings to date

    1,034,730     918,771  
           

 

  $ 12,526   $ (16,206 )
           

        The net asset (liability) position for contracts in process included in the accompanying consolidated balance sheets was as follows:

(In thousands)
  June 30, 2011   December 31, 2010  
 

Costs and estimated earnings in excess of billings on uncompleted contracts

  $ 54,479   $ 29,299  
 

Billings in excess of costs and estimated earnings on uncompleted contracts

    (41,953 )   (45,505 )
           

 

  $ 12,526   $ (16,206 )