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Costs And Estimated Earnings On Uncompleted Contracts
 9 Months Ended
Sep. 30, 2016
Costs And Estimated Earnings On Uncompleted Contracts [Abstract]  
Costs And Estimated Earnings On Uncompleted Contracts

8.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Costs and estimated earnings on uncompleted contracts consist of the following:





 

 

 

 

 

 



 

 

 

 

 

 



 

As of

 

As of



 

September 30, 2016

 

December 31, 2015



 

 

 

 

 

 



 

(in thousands)

Costs incurred on uncompleted contracts

 

$

 35,736 

 

$

 78,849 

Estimated earnings

 

 

 12,296 

 

 

 29,333 

Billings to date

 

 

 (36,287)

 

 

 (95,055)



 

$

 11,745 

 

$

 13,127 



These amounts are included in the accompanying Consolidated Balance Sheets under the following captions:





 

 

 

 

 

 



 

 

 

 

 

 



 

As of

 

As of



 

September 30, 2016

 

December 31, 2015



 

 

 

 

 

 



 

(in thousands)

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$

 12,011 

 

$

 16,934 

Billings in excess of costs and estimated earnings on

 

 

 

 

 

 

uncompleted contracts (included in Other current liabilities)

 

 

 (266)

 

 

 (3,807)



 

$

 11,745 

 

$

 13,127 



Eight significant customers comprised 87.1% and 95.9% of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings at September 30, 2016 and December 31, 2015, respectively.