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CONTRACTS IN PROGRESS (Tables) | 6 Months Ended
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Jun. 30, 2015
CONTRACTS IN PROGRESS [Abstract] |
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 (in thousands):
|  | June 30, 2015 |  |  | December 31, 2014 |
Costs incurred on contracts in progress |  | $ | 609,094 |  |  | $ | 531,129 |
Estimated earnings |  |  | 89,067 |  |  |  | 73,540 |
|  |  | 698,161 |  |  |  | 604,669 |
Less progress billings |  |  | 692,447 |  |  |  | 618,530 |
|  | $ | 5,714 |  |  | $ | (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 |  |  | 35,573 |  |  |  | 28,098 |
Billings in excess of costs and recognized earnings on uncompleted contracts |  |  | (29,859 | ) |  |  | (41,959 | )
|  | $ | 5,714 |  |  | $ | (13,861 | )

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- Definition Tabular disclosure for billings on uncompleted contracts in excess of costs and costs of uncompleted contracts in excess of billings. + References No definition available. + Details
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