Contracts in Process

3 Months Ended

Mar. 31, 2015

Contractors [Abstract]

Long-term Contracts or Programs Disclosure [Text Block]

3. Contracts in Process

The net asset position for contracts in process consisted of the following:

	March 31,		December 31,
(In thousands)	2015		2014
Costs and estimated earnings on uncompleted contracts	$	1,809,454	$	1,746,507
Less: Billings to date		1,777,803		1,740,019
	$	31,651	$	6,488

The net asset (liability) position for contracts in process included in the accompanying consolidated balance sheets was as follows:

	March 31,		December 31,
(In thousands)	2015		2014
Costs and estimated earnings in excess of billings on uncompleted contracts	$	64,690	$	44,609
Billings in excess of costs and estimated earnings on uncompleted contracts		(33,039)		(38,121)
	$	31,651	$	6,488