XML 118 R35.htm IDEA: XBRL DOCUMENT v3.20.1
COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS (Tables)
 12 Months Ended
Dec. 31, 2019
Contractors [Abstract]  
Schedule of Costs and Estimated Earnings on Uncompleted Contracts Included in Condensed Consolidated Balance Sheets
Costs and estimated profits on uncompleted contracts and related amounts billed for 2019 and 2018 were as follows (in thousands):
 
December 31,
 
2019

2018
Costs incurred on uncompleted contracts
$
51,017

 
$
53,595

Estimated profits, thereon
10,771

 
6,847

Total
$
61,788

 
$
60,442

Less: billings to date
41,223

 
38,662

Net
$
20,565

 
$
21,780



Such amounts were included in the accompanying Consolidated Balance Sheets for 2019 and 2018 under the following captions (in thousands):
 
December 31,
 
2019
 
2018
Costs and estimated profits in excess of billings
$
32,455

 
$
32,514

Billings in excess of costs and estimated profits
(11,871
)
 
(10,696
)
Translation Adjustment
(19
)
 
(38
)
Net
$
20,565

 
$
21,780