COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2014

COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS [Abstract]

Schedule of Costs and Estimated Earnings on Uncompleted Contracts

Costs and estimated earnings on uncompleted contracts and related amounts billed for 2014 and 2013 were as follows (in thousands):

	Year Ended December 31,
	2014	2013
Costs incurred on uncompleted contracts	$      49,133	$      10,678
Estimated earnings, thereon	16,749	2,043
Total	65,882	12,721
Less: billings to date	54,701	7,572
Net	$      11,181	$        5,149

Schedule of Costs and Estimated Earnings on Uncompleted Contracts Included in Balance Sheet

Such amounts were included in the accompanying Consolidated Balance Sheets for 2014 and 2013 under the following captions (in thousands):

	Year Ended December 31,
	2014	2013
Costs and estimated earnings in excess of billings on uncompleted contracts	$          20,083	$            6,487
Billings in excess of costs and estimated earnings on uncompleted contracts	(8,840)	(1,338)
Translation Adjustment	(62)	-
Net	$          11,181	$            5,149