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CONTRACTS IN PROGRESS AND ADVANCE BILLINGS ON CONTRACTS (Tables)
 3 Months Ended
Mar. 31, 2016
Contractors [Abstract]  
Components of Contracts in Progress and Advance Billings on Contracts

A detail of the components of contracts in progress and advance billings on contracts is as follows:

 

 

 

March 31, 2016

 

 

December 31, 2015

 

 

 

(In thousands)

 

Costs incurred less costs of revenues recognized

 

$

119,879

 

 

$

112,819

 

Revenues recognized less billings to customers

 

 

238,622

 

 

 

323,010

 

Contracts in Progress

 

$

358,501

 

 

$

435,829

 

 

 

 

 

 

 

 

 

 

Billings to customers less revenues recognized

 

 

106,249

 

 

 

265,618

 

Costs incurred less costs of revenue recognized

 

 

32,023

 

 

 

(100,845

)

Advance Billings on Contracts

 

$

138,272

 

 

$

164,773