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Accounts Receivable and Contracts in Progress (Tables)
 6 Months Ended
Jun. 30, 2014
Receivables [Abstract]  
Schedule of Accounts Receivable

Accounts receivable consist of the following (in thousands):

 

     June 30,
2014		     December 31,
2013		  

Contract receivables:

     

Contracts in progress

    $ 87,859      $ —     

Unbilled retentions

      33,099        —     

Trade receivables

      18,846        21,456   

Other receivables

      328        —     

Allowance for doubtful accounts

      (2,089 )      (2,476 ) 
  

 

 

    

 

 

  
   $ 138,043      $ 18,980   
  

 

 

    

 

 

  
Costs and Recognized Earnings in Excess of Billings and Billings in Excess of Costs and Recognized Earnings on Uncompleted Contracts

Costs and recognized earnings in excess of billings on uncompleted contracts and billings in excess of costs and recognized earnings on uncompleted contracts consist of the following:

 

     June 30,
2014		     December 31,
2013		  

Costs incurred on contracts in progress

    $ 561,453      $ —     

Estimated earnings

      73,346        —     
  

 

 

    

 

 

  
     634,799        —     

Less progress billings

      667,280        —     
  

 

 

    

 

 

  
   $ (32,481 )    $ —     
  

 

 

    

 

 

  

The above is included in the accompanying condensed consolidated balance sheet under the following captions:

     

Costs and recognized earnings in excess of billings on uncompleted contracts

      25,737        —     

Billings in excess of costs and recognized earnings on uncompleted contracts

      (58,218 )      —     
  

 

 

    

 

 

  
   $ (32,481 )    $ —