Percentage of Completion (Tables)

6 Months Ended

Mar. 31, 2014

Cost and Estimated Earnings in Excess of Billings

The Company utilizes the POC Method to recognize revenues under a contract with a customer. In the consolidated balance sheets “costs and estimated earnings in excess of billings” are reported as a current asset and “billings in excess of costs and estimated earnings” are included in accrued and other liabilities as follows (in thousands):

	March 31, 2014			September 30, 2013
Contract revenues earned to date	$	164,522		$	109,565
Less contract billings to date		(164,978	)		(97,165	)
Billings in excess of costs and estimated earnings	$	(456	)	$	—
Costs and estimated earnings in excess of billings	$	—		$	12,400