Costs and Estimated Earnings on Uncompleted Contracts (Tables)

9 Months Ended

Sep. 30, 2018

Costs and Estimated Earnings on Uncompleted Contracts

Our contracts have various lengths to completion ranging from a few days to several months. We anticipate that a majority of our current contracts will be completed within the next twelve months.

(Table only in thousands)	September 30, 2018			December 31, 2017
Costs incurred on uncompleted contracts	$	164,400		$	169,665
Estimated earnings		60,561			61,556
Total costs and estimated earnings on uncompleted contracts, gross		224,961			231,221
Less billings to date		(223,575	)		(217,743	)
Total costs and estimated earnings on uncompleted contracts, net	$	1,386		$	13,478
Included in the accompanying condensed consolidated balance sheets under the following captions:
Costs and estimated earnings in excess of billings on uncompleted contracts	$	29,991		$	33,947
Billings in excess of costs and estimated earnings on uncompleted contracts		(28,605	)		(20,469	)
Total costs and estimated earnings on uncompleted contracts, net	$	1,386		$	13,478