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CONTRACTS RECEIVABLE AND RETAINAGE | 12 Months Ended
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Dec. 31, 2017
Contractors [Abstract] |
CONTRACTS RECEIVABLE AND RETAINAGE | CONTRACTS RECEIVABLE AND RETAINAGE Of our contracts receivable balance at December 31, 2017, approximately $15.6 million, or 55.1%, is for two customers. Approximately $8.6 million, or 42.7% of the December 31, 2016 contracts receivable balance relates to three customers. Amounts due on contracts as of December 31, were as follows (in thousands):
| 2017 |  | 2016
Completed contracts |  |  |
Current receivables | $ | 10,246 |  |  | $ | 6,812 |
Contracts in progress: |  |  |
Current receivables | 15,513 |  |  | 14,248 |
Retainage | 4,455 |  |  | 113 |
Total contracts receivable | 30,214 |  |  | 21,173 |
Less allowance for doubtful accounts | 1,748 |  |  | 1,004 |
Net contracts receivable | $ | 28,466 |  |  | $ | 20,169 |
Our allowance for doubtful accounts as of December 31, 2017, primarily relates to a customer in our Fabrication Division for the storage of an offshore drilling platform which was fully reserved in 2016. We continue to bill this customer under the terms of the contract; however, no longer recognize revenue for these billings as collection is not reasonably assured. Instead, billings for this customer are offset with an increase in the allowance for doubtful accounts.

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- Definition The entire disclosure for claims held for amounts due a company, excluding disclosure for allowance for credit losses. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Also excludes disclosure for financing receivables. + References No definition available. + Details
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