v2.4.0.8

Costs in Excess of Billings and Billings in Excess of Costs

12 Months Ended

Dec. 31, 2013

Costs in Excess of Billings and Billings in Excess of Costs [Abstract]

Costs in Excess of Billings and Billings in Excess of Costs

(4) Costs in Excess of Billings and Billings in Excess of Costs

As of December 31, 2013, the estimated period to complete medical interior and products contracts in process ranges from one to twelve months, and the Company expects to collect all related accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts within one year. The following summarizes contracts in process at December 31 (amounts in thousands):

		2013				2012
Costs incurred on uncompleted contracts		$	6,739				9,181
Estimated contribution to earnings			656				2,088
			7,395				11,269
Less billings to date			(6,739	)			(11,076	)
Costs and estimated earnings in excess of billings (billings in excess of costs), net		$	656				193

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- Definition

Entire disclosure of costs in excess of billings and billings in excess of costs.

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