CONTRACT ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2023

Contractors [Abstract]

Schedule of Costs and Estimated Profits on Uncompleted Contracts Included in Condensed Consolidated Balance Sheets

Costs and estimated profits on uncompleted contracts and related amounts billed were as follows (in thousands):

	March 31, 2023		December 31, 2022
Costs incurred on uncompleted contracts	$	94,100	$	70,329
Estimated profits, thereon	28,096		23,274
Total costs and estimated profits on uncompleted contracts	122,196		93,603
Less: billings to date	90,412		80,421
Net	$	31,784	$	13,182

Such amounts were included in the accompanying unaudited condensed consolidated balance sheets for March 31, 2023 and December 31, 2022 under the following captions (in thousands):

	March 31, 2023		December 31, 2022
Costs and estimated profits in excess of billings	$	41,967	$	23,588
Billings in excess of costs and estimated profits	(10,183)		(10,411)
Translation adjustment	—		5
Net	$	31,784	$	13,182