COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS

6 Months Ended

Jul. 31, 2015

COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS

COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS

NOTE 6 — COSTS, ESTIMATED EARNINGS AND BILLINGS ON UNCOMPLETED CONTRACTS

The tables below set forth the aggregate amount of costs incurred and earnings accrued on uncompleted contracts compared with the billings on those contracts through July 31 and January 31, 2015, and reconcile the net amounts of billings in excess of costs and estimated earnings to the amounts included in the condensed consolidated balance sheets at those dates.

	July 31,			January 31,
	2015			2015
Costs incurred on uncompleted contracts	$	481,168,000		$	324,839,000
Estimated accrued earnings	101,477,000			60,809,000
	582,645,000			385,648,000
Less-billings to date	694,289,000			546,757,000
	$	(111,644,000	)	$	(161,109,000	)

Costs and estimated earnings in excess of billings	$	2,943,000		$	455,000
Less-Billings in excess of costs and estimated earnings	114,587,000			161,564,000
	$	(111,644,000	)	$	(161,109,000	)