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CONTRACTS IN PROGRESS AND ADVANCE BILLINGS ON CONTRACTS (Tables)
 3 Months Ended
Mar. 31, 2017
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, 2017

 

 

December 31, 2016

 

 

 

(In thousands)

 

Costs incurred less costs of revenue recognized

 

$

61,019

 

 

$

119,688

 

Revenues recognized less billings to customers

 

 

412,722

 

 

 

199,450

 

Contracts in Progress

 

$

473,741

 

 

$

319,138

 

 

 

 

 

 

 

 

 

 

Billings to customers less revenue recognized

 

 

188,238

 

 

 

42,637

 

Costs incurred less costs of revenue recognized

 

 

(98,535

)

 

 

149,849

 

Advance Billings on Contracts

 

$

89,703

 

 

$

192,486