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COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables) | 12 Months Ended
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Dec. 31, 2015
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 2015 and 2014 were as follows (in thousands):
|  | Year Ended December 31, |
|  | 2015 |  |  | 2014 |
Costs incurred on uncompleted contracts |  | $ | 34,400 |  |  | $ | 49,133 |
Estimated earnings, thereon |  |  | 13,119 |  |  |  | 16,749 |
Total |  |  | 47,519 |  |  |  | 65,882 |
Less: billings to date |  |  | 33,422 |  |  |  | 54,701 |
Net |  | $ | 14,097 |  |  | $ | 11,181 |
Schedule of Costs and Estimated Earnings on Uncompleted Contracts Included in Balance Sheet | Such amounts were included in the accompanying Consolidated Balance Sheets for 2015 and 2014 under the following captions (in thousands):
|  | Year Ended December 31, |
|  | 2015 |  |  | 2014 |
Costs and estimated earnings in excess of billings on uncompleted contracts |  | $ | 22,045 |  |  | $ | 20,083 |
Billings in excess of costs and estimated earnings on uncompleted contracts |  |  | (8,021 | ) |  |  | (8,840 | )
Translation Adjustment |  |  | 73 |  |  |  | (62 | )
Net |  | $ | 14,097 |  |  | $ | 11,181 |

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