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Contracts in Process (Tables)
 6 Months Ended
Jun. 30, 2014
Contracts in Process  
Schedule of net asset (liability) position for contracts in process

 

 

 

 

June 30,

 

December 31,

 

(In thousands)

 

2014

 

2013

 

 

 

 

 

 

 

Costs and estimated earnings on uncompleted contracts

 

$

1,824,294

 

$

1,748,204

 

Less: Billings to date

 

1,821,458

 

1,760,637

 

 

 

$

2,836

 

$

(12,433

)
Schedule of net asset (liability) position for contracts in process included in consolidated balance sheets

 

 

 

 

June 30,

 

December 31,

 

(In thousands)

 

2014

 

2013

 

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$

56,236

 

$

40,519

 

Billings in excess of costs and estimated earnings on uncompleted contracts

 

(53,400

)

(52,952

)

 

 

$

2,836

 

$

(12,433

)