Percentage of Completion

3 Months Ended

Dec. 31, 2013

Percentage of Completion

7. Percentage of Completion

The Company utilizes the POC Method to recognize revenues under a contract with a customer. The balance sheets reflect cost and estimated earnings in excess of billings as follows (in thousands):

	December 31, 2013			September 30, 2013
Contract revenues earned	$	137,648		$	109,565
Less contract billings		(134,514	)		(97,165	)
Costs and estimated earnings in excess of billings	$	3,134		$	12,400