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Costs and Estimated Earnings on Uncompleted Contracts (Tables)
9 Months Ended
Sep. 30, 2014
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 the next twelve months.

 

(Table only in thousands)    September 30,
2014
    December 31,
2013
 

Costs incurred on uncompleted contracts

   $ 74,508      $ 61,416   

Estimated earnings

     25,228        21,505   
  

 

 

   

 

 

 
     99,736        82,921   

Less billings to date

     (98,549     (85,297
  

 

 

   

 

 

 
   $ 1,187      $ (2,376
  

 

 

   

 

 

 

Included in the accompanying condensed consolidated balance sheets under the following captions:

    

Costs and estimated earnings in excess of billings on uncompleted contracts

   $ 13,999      $ 11,110   

Billings in excess of costs and estimated earnings on uncompleted contracts

     (12,812     (13,486
  

 

 

   

 

 

 
   $ 1,187      $ (2,376