CONTRACTS IN PROGRESS AND ADVANCE BILLINGS ON CONTRACTS (Tables)

6 Months Ended

Jun. 30, 2015

Contractors [Abstract]

Components of Contracts in Progress and Advance Billings on Contracts

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

	June 30, 2015			December 31, 2014
	(In thousands)
Costs incurred less costs of revenue recognized	$	107,199		$	90,191
Revenues recognized less billings to customers		293,521			267,426
Contracts in Progress	$	400,720		$	357,617
Billings to customers less revenue recognized		324,128			578,896
Costs incurred less costs of revenue recognized		(211,042	)		(379,031	)
Advance Billings on Contracts	$	113,086		$	199,865