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Costs and Estimated Earnings on Uncompleted Contracts | 12 Months Ended
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Dec. 31, 2017
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Costs and Estimated Earnings on Uncompleted Contracts |
4. | Costs and Estimated Earnings on Uncompleted Contracts
(Table only in thousands) |  | 2017 |  |  | 2016 |
Costs incurred on uncompleted contracts |  | $ | 169,665 |  |  | $ | 186,609 |
Estimated earnings |  |  | 61,556 |  |  |  | 77,709 |
Total costs and estimated earnings on uncompleted contracts, gross |  |  | 231,221 |  |  |  | 264,318 |
Less billings to date |  |  | (217,743 | ) |  |  | (261,280 | )
Total costs and estimated earnings on uncompleted contracts, net |  | $ | 13,478 |  |  | $ | 3,038 |
Included in the accompanying consolidated balance sheets under the following captions: |  |  |  |  |  |  |  |
Costs and estimated earnings in excess of billings on uncompleted contracts |  | $ | 33,947 |  |  | $ | 38,123 |
Billings in excess of costs and estimated earnings on uncompleted contracts |  |  | (20,469 | ) |  |  | (35,085 | )
Total costs and estimated earnings on uncompleted contracts, net |  | $ | 13,478 |  |  | $ | 3,038 |
The Company’s contracts have various lengths to completion ranging from a few days to several months. The Company anticipates that a majority of our current contracts will be completed within the next 12 months.

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