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Costs and Estimated Earnings on Uncompleted Contracts
12 Months Ended
Dec. 31, 2011
Costs and Estimated Earnings on Uncompleted Contracts

Note 4 - Costs and Estimated Earnings on Uncompleted Contracts

 

Comparative information with respect to uncompleted contracts at fiscal year-end:

 

    2011     2010  
Total accumulated costs and estimated earnings on uncompleted contracts   $ 20,117     $ 24,436  
Less total billings on uncompleted contracts     (22,099 )     (25,907 )
    $ (1,982 )   $ (1,471 )

 

The above amounts are reported in the consolidated balance sheets as follows:

 

    2011     2010  
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 1,456     $ 2,094  
Billings in excess of costs and estimated earnings on uncompleted contracts     (3,438 )     (3,565 )
    $ (1,982 )   $ (1,471 )