ACCOUNTS RECEIVABLE (Tables)

6 Months Ended

Jun. 30, 2016

Receivables [Abstract]

Contract Receivables

A summary of contract receivables is as follows:

	June 30, 2016			December 31, 2015
	(in thousands)
Contract receivables:
Contracts in progress	$	201,505			164,898
Completed contracts		33,725			35,702
Retainages		48,410			17,896
Unbilled		4,303			4,303
Less allowances		(14,318	)		(14,325	)
Accounts receivable—trade, net	$	273,625		$	208,474

Retainages on Contracts

The following is a summary of retainages on our contracts:

	June 30, 2016		December 31, 2015
	(in thousands)
Retainages expected to be collected within one year	$	48,410	$	17,896
Retainages expected to be collected after one year		128,190		155,061
Total retainages	$	176,600	$	172,957