REVENUE EARNED IN EXCESS OF BILLINGS AND DEFERRED REVENUE

12 Months Ended

Dec. 31, 2017

REVENUE EARNED IN EXCESS OF BILLINGS AND DEFERRED REVENUE

4. Revenue Earned in Excess of Billings and Deferred Revenue

Revenue earned in excess of billings at December 31, 2017 and 2016 is summarized as follows:

	2017		2016
	(In thousands)
Unbilled revenue for time-and-materials projects	$	23,999	$	20,828
Unbilled revenue for fixed-price projects, net of discounts		996		4,211
	$	24,995	$	25,039

Deferred revenue at December 31, 2017 and 2016 is summarized as follows:

	2017		2016
	(In thousands)
Deferred revenue on uncompleted fixed-price development contracts	$	2,346	$	5,216
Other deferred revenue		894		2,757
	$	3,240	$	7,973