BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2012

Contracts Receivables

A summary of contract receivables is as follows:

	June 30, 2012			December 31, 2011
	(Unaudited)
	(In thousands)
Contract receivables:
Contracts in progress	$	286,781		$	371,223
Completed contracts		54,649			28,369
Retainages		78,151			65,248
Unbilled		5,050			5,650
Less allowances		(22,128	)		(24,682	)
Accounts receivable—trade, net	$	402,503		$	445,808

Retainages on Contracts

The following amounts represent retainages on contracts:

	June 30, 2012		December 31, 2011
	(Unaudited)
	(In thousands)
Retainages expected to be collected within one year	$	78,151	$	65,248
Retainages expected to be collected after one year		72,557		74,539
Total retainages	$	150,708	$	139,787

Accumulated Other Comprehensive Loss included in Stockholders' Equity

The components of accumulated other comprehensive loss included in stockholders’ equity are as follows:

	June 30, 2012			December 31, 2011
	(Unaudited)
	(In thousands)
Foreign currency translation adjustments	$	(5,999	)	$	(12,438	)
Net loss on investments		(3,275	)		(4,403	)
Net gain (loss) on derivative financial instruments		(18,714	)		3,089
Unrecognized losses on benefit obligations		(82,552	)		(88,278	)
Accumulated other comprehensive loss	$	(110,540	)	$	(102,030	)