ACCOUNTS RECEIVABLE (Tables)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Contract Receivables

A summary of contract receivables is as follows:

	March 31, 2015			December 31, 2014
	(in thousands)
Contract receivables:
Contracts in progress	$	176,027			106,174
Completed contracts		26,512			34,698
Retainages		32,100			28,586
Unbilled		4,303			4,303
Less allowances		(25,798	)		(30,391	)
Accounts receivable—trade, net	$	213,144		$	143,370

Retainages on Contracts

The following is a summary of retainages on our contracts:

	March 31, 2015		December 31, 2014
	(in thousands)
Retainages expected to be collected within one year	$	32,100	$	28,586
Retainages expected to be collected after one year		136,908		137,468
Total retainages	$	169,008	$	166,054