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COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables) | 12 Months Ended
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Dec. 31, 2014
COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS [Abstract] |
Schedule of Costs and Estimated Earnings on Uncompleted Contracts | Costs and estimated earnings on uncompleted contracts and related amounts billed for 2014 and 2013 were as follows (in thousands):
| Year Ended December 31,
| 2014 |  | 2013
Costs incurred on uncompleted contracts | $ 49,133 |  | $ 10,678
Estimated earnings, thereon | 16,749 |  | 2,043
Total | 65,882 |  | 12,721
Less: billings to date | 54,701 |  | 7,572
Net | $ 11,181 |  | $ 5,149
Schedule of Costs and Estimated Earnings on Uncompleted Contracts Included in Balance Sheet | Such amounts were included in the accompanying Consolidated Balance Sheets for 2014 and 2013 under the following captions (in thousands):
| Year Ended December 31,
| 2014 |  | 2013
Costs and estimated earnings in excess of billings on uncompleted contracts | $ 20,083 |  | $ 6,487
Billings in excess of costs and estimated earnings on uncompleted contracts | (8,840) |  | (1,338)
Translation Adjustment | (62) |  | -
Net | $ 11,181 |  | $ 5,149

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