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Contracts in Process (Tables)
 6 Months Ended
Jun. 30, 2016
Long Term Contracts Or Programs [Table Text Block]
4. Contracts in Process
 
The net asset position for contracts in process consisted of the following:
 
 
 
June 30,
 
December 31,
 
(In thousands)
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Costs and estimated earnings on uncompleted contracts
 
$
1,680,685
 
$
2,153,085
 
Less: Billings to date
 
 
1,657,560
 
 
2,142,213
 
 
 
$
23,125
 
$
10,872
 
  
The net asset position for contracts in process included in the accompanying consolidated balance sheets was as follows:
 
 
 
June 30,
 
December 31,
 
(In thousands)
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
67,181
 
$
51,486
 
Billings in excess of costs and estimated earnings on uncompleted contracts
 
 
(44,056)
 
 
(40,614)
 
 
 
$
23,125
 
$
10,872