XML 37 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Costs and Estimated Earnings on Uncompleted Contracts (Tables)
 9 Months Ended
Sep. 30, 2013
Text Block [Abstract]  
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 )