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Contracts in Process (Tables)
6 Months Ended
Jun. 30, 2012
Contracts in Process  
Schedule of net asset (liability) position for contracts in process

 

 

(In thousands)
  June 30,
2012
  December 31,
2011
 

Costs and estimated earnings on uncompleted contracts

  $ 1,257,243   $ 1,027,805  

Less: Billings to date

    1,231,940     1,009,056  
           

 

  $ 25,303   $ 18,749  
           
Schedule of net asset (liability) position for contracts in process included in consolidated balance sheet

 

 

(In thousands)
  June 30,
2012
  December 31,
2011
 

Costs and estimated earnings in excess of billings on uncompleted contracts

  $ 54,166   $ 43,694  

Billings in excess of costs and estimated earnings on uncompleted contracts

    (28,863 )   (24,945 )
           

 

  $ 25,303   $ 18,749