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Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts
 12 Months Ended
Dec. 31, 2013
Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts

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Costs, Estimated Earnings, and Related Billings on Uncompleted Contracts

Contracts in progress at December 31, 2013 and 2012 consisted of the following:

 

 

2013

 

 

2012

 

 

(in thousands)

 

Costs incurred on uncompleted contracts

$

7,271

 

 

$

7,743

 

Estimated earnings

 

2,172

 

 

 

2,247

 

 

 

9,443

 

 

 

9,990

 

Billings on uncompleted contracts

 

(7,152

)

 

 

(11,361

)

 

$

2,291

 

 

$

(1,371

)

Costs, estimated earnings, and related billing on uncompleted contracts consisted of the following at December 31, 2013 and 2012:

 

 

2013

 

 

2012

 

 

(in thousands)

 

Cost and estimated earnings in excess of billings on uncompleted contracts

$

5,312

 

 

$

2,205

 

Billings in excess of costs and estimated earnings on uncompleted contracts

 

(3,021

)

 

 

(3,576

)

 

$

2,291

 

 

$

(1,371

)