BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

Contracts Receivables

A summary of contract receivables is as follows:

	September 30, 2012			December 31, 2011
	(Unaudited)
	(In thousands)
Contract receivables:
Contracts in progress	$	421,463		$	371,223
Completed contracts		43,195			28,369
Retainages		100,816			65,248
Unbilled		4,710			5,650
Less allowances		(22,116	)		(24,682	)
Accounts receivable—trade, net	$	548,068		$	445,808

Retainages on Contracts

The following amounts represent retainages on contracts:

	September 30, 2012		December 31, 2011
	(Unaudited)
	(In thousands)
Retainages expected to be collected within one year	$	100,816	$	65,248
Retainages expected to be collected after one year		57,134		74,539
Total retainages	$	157,950	$	139,787

Accumulated Other Comprehensive Loss included in Stockholders' Equity

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

	September 30, 2012			December 31, 2011
	(Unaudited)
	(In thousands)
Foreign currency translation adjustments	$	(1,713	)	$	(12,438	)
Net loss on investments		(2,695	)		(4,403	)
Net gain on derivative financial instruments		3,588			3,089
Unrecognized losses on benefit obligations		(79,688	)		(88,278	)
Accumulated other comprehensive loss	$	(80,508	)	$	(102,030	)