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Contracts in Process (Tables)
9 Months Ended
Sep. 30, 2013
Contracts in Process  
Schedule of net asset (liability) position for contracts in process

 

 

 

 

September 30,

 

December 31,

 

(In thousands)

 

2013

 

2012

 

 

 

 

 

 

 

Costs and estimated earnings on uncompleted contracts

 

$

1,692,396

 

$

1,439,455

 

Less: Billings to date

 

1,717,505

 

1,410,271

 

 

 

$

(25,109

)

$

29,184

 

Schedule of net asset (liability) position for contracts in process included in consolidated balance sheet

 

 

 

 

September 30,

 

December 31,

 

(In thousands)

 

2013

 

2012

 

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$

41,909

 

$

61,773

 

Billings in excess of costs and estimated earnings on uncompleted contracts

 

(67,018

)

(32,589

)

 

 

$

(25,109

)

$

29,184