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Uncompleted Contracts (Notes)
 9 Months Ended
Mar. 31, 2018
Disclosure Customer Contracts Additional Information [Abstract]  
Uncompleted Contracts
Uncompleted Contracts
Contract terms of the Company’s construction contracts generally provide for progress billings based on project milestones. The excess of costs incurred and estimated earnings over amounts billed on uncompleted contracts is reported as a current asset. The excess of amounts billed over costs incurred and estimated earnings recognized on uncompleted contracts is reported as a current liability. Gross and net amounts on uncompleted contracts are as follows: 
 
March 31,
2018
 
June 30,
2017
 
(in thousands)
Costs incurred and estimated earnings recognized on uncompleted contracts
$
2,200,601

 
$
1,919,054

Billings on uncompleted contracts
2,222,242

 
1,903,001

 
$
(21,641
)
 
$
16,053

Shown in balance sheet as:
 
 
 
Costs and estimated earnings in excess of billings on uncompleted contracts
$
66,985

 
$
91,180

Billings on uncompleted contracts in excess of costs and estimated earnings
88,626

 
75,127

 
$
(21,641
)
 
$
16,053


Progress billings in accounts receivable at March 31, 2018 and June 30, 2017 included retentions to be collected within one year of $23.2 million and $54.3 million, respectively. Contract retentions collectible beyond one year are included in other assets in the condensed consolidated balance sheet and totaled $1.9 million as of June 30, 2017. There were no retentions collectible beyond one year as of March 31, 2018.

Other

Our fiscal 2017 results were negatively impacted by an increased cost estimate related to a large project in the Electrical Infrastructure segment, which resulted in a decrease in gross profit. The financial impact of the project was a gross profit (loss) of ($18.9) million and ($13.7) million for the three and nine months ended March 31, 2017, respectively.  At March 31, 2018, the Company's scope of work is nearly complete with demobilization expected to be materially complete in the fourth quarter of fiscal 2018. The impact of the project on the Company's future results is expected to be insignificant.