CONTRACTS IN PROGRESS AND ADVANCE BILLINGS ON CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2016

Contractors [Abstract]

Components of Contracts in Progress and Advance Billings on Contracts

Components of contracts in progress and advance billings on contracts is as follows:

	December 31, 2016		December 31, 2015
	(In thousands)
Costs incurred less costs of revenue recognized	$	119,688	$	112,819
Revenues recognized less billings to customers		199,450		323,010
Contracts in Progress	$	319,138	$	435,829
Billings to customers less revenue recognized		42,637		265,618
Costs incurred less costs of revenue recognized		149,849		(100,845	)
Advance Billings on Contracts	$	192,486	$	164,773