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Costs and Estimated Earnings on Uncompleted Contracts (Tables) | 9 Months Ended
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Sep. 30, 2013
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Costs and Estimated Earnings on Uncompleted Contracts | Our contracts have various lengths to completion ranging from a few days to several months. We anticipate that a majority of our current contracts will be completed within twelve months.
|  | September 30, |  |  | December 31, |
(dollars in thousands) |  | 2013 |  |  | 2012 |
Costs incurred on uncompleted contracts |  | $ | 66,835 |  |  | $ | 51,035 |
Estimated earnings |  |  | 21,362 |  |  |  | 16,644 |
|  |  | 88,197 |  |  |  | 67,679 |
Less billings to date and advanced billings |  |  | (87,056 | ) |  |  | (73,300 | )
|  | $ | 1,141 |  |  | $ | (5,621 | )
Included in the accompanying consolidated balance sheets under the following captions: |  |  |  |  |  |  |  |
Costs and estimated earnings in excess of billings on uncompleted contracts |  | $ | 16,892 |  |  | $ | 5,747 |
Billings in excess of costs and estimated earnings on uncompleted contracts |  |  | (15,751 | ) |  |  | (11,368 | )
|  | $ | 1,141 |  |  | $ | (5,621 | )

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