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CONTRACTS IN PROGRESS AND ADVANCE BILLINGS ON CONTRACTS (Tables)
6 Months Ended
Jun. 30, 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:

 

 

 

June 30, 2016

 

 

December 31, 2015

 

 

 

(In thousands)

 

Costs incurred less costs of revenue recognized

 

$

93,047

 

 

$

112,819

 

Revenues recognized less billings to customers

 

 

211,743

 

 

 

323,010

 

Contracts in Progress

 

$

304,790

 

 

$

435,829

 

 

 

 

 

 

 

 

 

 

Billings to customers less revenue recognized

 

 

30,484

 

 

 

265,618

 

Costs incurred less costs of revenue recognized

 

 

70,937

 

 

 

(100,845

)

Advance Billings on Contracts

 

$

101,421

 

 

$

164,773