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ACCOUNTS RECEIVABLE AND CONTRACTS IN PROGRESS (Tables)
 3 Months Ended
Mar. 31, 2015
ACCOUNTS RECEIVABLE AND CONTRACTS IN PROGRESS [Abstract]  
Schedule of Accounts Receivable

Accounts receivable consist of the following (in thousands):

 

   March 31,   December 31,
  2015 2014
Contract receivables:        
  Contracts in progress $
                       134,457
  $
                      105,071
 
  Unbilled retentions  35,213   32,850 
Trade receivables  
                         28,667
   
                        16,202
 
Other receivables  216   195 
Allowance for doubtful accounts  (2,675)  (2,760)
  $195,878  $151,558 
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:

 

 

   March 31,   December 31,
  2015 2014
Costs incurred on contracts in progress $576,733  $531,129 
Estimated earnings  79,192   73,540 
   655,925   604,669 
Less progress billings  663,117   618,530 
  $(7,192) $(13,861)
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  24,656   28,098 
Billings in excess of costs and recognized earnings on uncompleted contracts  (31,848)  (41,959)
  $(7,192) $(13,861)