XML 17 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Contracts in Process
 6 Months Ended
Jun. 30, 2014
Contracts in Process  
Contracts in Process

3. Contracts in Process

 

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

 

 

 

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

)

 

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

 

 

 

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

)