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CONTRACTS IN PROGRESS AND ADVANCE BILLINGS ON CONTRACTS (Tables)
 12 Months Ended
Dec. 31, 2015
Contractors [Abstract]  
Components of Contracts in Progress and Advance Billings on Contracts

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

 

 

 

December 31, 2015

 

 

December 31, 2014

 

 

 

(In thousands)

 

Costs incurred less costs of revenue recognized

 

$

112,819

 

 

$

90,191

 

Revenues recognized less billings to customers

 

 

323,010

 

 

 

267,426

 

Contracts in Progress

 

$

435,829

 

 

$

357,617

 

 

 

 

 

 

 

 

 

 

Billings to customers less revenue recognized

 

$

265,618

 

 

$

578,896

 

Costs incurred less costs of revenue recognized

 

 

(100,845

)

 

 

(379,031

)

Advance Billings on Contracts

 

$

164,773

 

 

$

199,865