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COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS
 12 Months Ended
Dec. 31, 2013
Text Block [Abstract]  
COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

4. COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Information with respect to uncompleted contracts as of December 31 is as follows (in thousands):

 

     2013     2012  

Costs incurred on uncompleted contracts

    $ 991,123      $ 659,422   

Estimated profit earned to date

      40,045        21,883   
  

 

 

    

 

 

  
     1,031,168        681,305   

Less billings to date

      1,041,447        683,486   
  

 

 

    

 

 

  
   $ (10,279 )    $ (2,181 ) 
  

 

 

    

 

 

  

The above amounts are included in the accompanying consolidated balance sheets at December 31 under the following captions (in thousands):

 

     2013     2012  

Costs and estimated earnings in excess of billings on uncompleted contracts

    $ 24,727      $ 26,317   

Billings in excess of costs and estimated earnings on uncompleted contracts

      (35,006 )      (28,498 ) 
  

 

 

    

 

 

  
   $ (10,279 )    $ (2,181 )