CONTRACTS IN PROGRESS AND ADVANCE BILLINGS ON CONTRACTS (Tables)

9 Months Ended

Sep. 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:

	September 30, 2015			December 31, 2014
	(In thousands)
Costs incurred less costs of revenue recognized	$	106,242		$	90,191
Revenues recognized less billings to customers		409,176			267,426
Contracts in Progress	$	515,418		$	357,617
Billings to customers less revenue recognized		193,448			578,896
Costs incurred less costs of revenue recognized		(96,077	)		(379,031	)
Advance Billings on Contracts	$	97,371		$	199,865