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Contract balances and significant movements in Contract balances (Tables)
6 Months Ended
Jun. 30, 2018
Summary of Receivables, Contract Assets and Contarct Liability from Contracts with Customers and Significant Change in Contract Assets and Contract Liabilities

In accordance with ASC 606 disclosures, the following table provides information about receivables, Contracts assets, and Contract liabilities from contracts with customers and the significant changes in the Contract assets and the Contract liabilities during the period.

 

     June 30,
2018
     December 31,
2017
 
     ($ In thousand)  

Contract Assets

     

Revenue earned in excess of billings

     3,302        3,541  

Net unbilled receivables

     3,302        3,541  

Other contract assets

     —          —    

Total contract assets

     3,302        3,541  

Contract liabilities

     

Deferred revenue on uncompleted contracts

     3,542        3,240  

Other contract liabilities

     —          —    

Total Contract liabilities

   $ 3,542      $ 3,240  

 

     Three Months ended
June 30, 2018
     Three Months ended
June 30, 2017
 
     Contract
assets
     Contract
liabilities
     Contracts
assets
     Contract
liabilities
 
     (In thousands)  

Revenue recognized that was included in the contract liability balance at the beginning of the period

     N.A.        2,965        N.A.        5,911  

Transferred to receivables from contract assets recognized at the beginning of the period

     3,305        N.A.        4,114        N.A.  

Revenue recognized from performance obligations satisfied in previous periods

     611        —          1,715        —    

 

     Six Months ended
June 30, 2018
     Six Months ended
June 30, 2017
 
     Contract
assets
     Contract
liabilities
     Contracts
assets
     Contract
liabilities
 
     (In thousands)  

Revenue recognized that was included in the contract liability balance at the beginning of the period

     N.A.        3,240        N.A.        7,973  

Transferred to receivables from contract assets recognized at the beginning of the period

     3,541        N.A.        6,361        N.A.  

Revenue recognized from performance obligations satisfied in previous periods

     739        —          591        —