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COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS ON UNCOMPLETED CONTRACTS (Tables) | 12 Months Ended
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Dec. 31, 2013
COSTS AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS ON UNCOMPLETED CONTRACTS [Abstract] |
Costs and estimated earnings in excess of billings on uncompleted contracts | At December 31, 2013, costs and estimated earnings in excess of billings on uncompleted contracts (unbilled) consist of:
| U.S. Government | Commercial | Total
Costs incurred on uncompleted contracts | $259,050,407 | $62,502,116 | $321,552,523
Estimated earnings | 95,590,879 | 30,694,605 | 126,285,484
| 354,641,286 | 93,196,721 | 447,838,007
Less billings to date | 272,783,120 | 62,733,921 | 335,517,041
Costs and estimated earnings in excess of billings on uncompleted contracts | $81,858,166 | $30,462,800 | $112,320,966
At December 31, 2012, costs and estimated earnings in excess of billings on uncompleted contracts (unbilled) consist of:
| U.S. Government | Commercial | Total
Costs incurred on uncompleted |  |  |
Contracts | $214,888,101 | $42,636,753 | $257,524,854
Estimated earnings | 85,320,636 | 23,782,285 | 109,102,921
| 300,208,737 | 66,419,038 | 366,627,775
Less billings to date | 215,743,090 | 42,631,694 | 258,374,784
Costs and estimated earnings in excess of billings on uncompleted contracts | $84,465,647 | $23,787,344 | $108,252,991
Net Unbilled and Estimated Earnings | The above amounts are included in the accompanying balance sheets under the following captions at December 31, 2013 and December 31, 2012:
| 2013 | 2012
Costs and estimated earnings in excess of billings on |  |
uncompleted contracts | $ 112,597,136 | $ 108,909,844
Billings in excess of costs and estimated earnings on |  |
uncompleted contracts | (276,170) | (656,853)
Totals | $ 112,320,966 | $ 108,252,991

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