Costs and Estimated Earnings on Uncompleted Contracts

6 Months Ended

Jun. 30, 2019

Costs and Estimated Earnings on Uncompleted Contracts [Abstract]

Costs and Estimated Earnings on Uncompleted Contracts

4.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

The Company’s costs and estimated earnings on uncompleted contracts are comprised of the following:

	As of		As of
	June 30, 2019		December 31, 2018
	(in thousands)
Costs incurred on uncompleted contracts	$	52,686	$	38,464
Estimated earnings		21,632		16,655
Billings to date		(49,990)		(31,952)
	$	24,328	$	23,167

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

	As of		As of
	June 30, 2019		December 31, 2018
	(in thousands)
Costs and estimated earnings in excess of billings on uncompleted contracts	$	25,575	$	23,785
Billings in excess of costs and estimated earnings on
uncompleted contracts (included in Other current liabilities)		(1,247)		(618)
	$	24,328	$	23,167

At June 30, 2019 and December 31, 2018, eight customers comprised 98.0% and 96.3% of the contract assets, net of contract liabilities.