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

 

 

 

June 30, 2017

 

 

December 31, 2016

 

 

 

(In thousands)

 

Costs incurred less costs of revenue recognized

 

$

78,291

 

 

$

119,688

 

Revenues recognized less billings to customers

 

 

540,873

 

 

 

199,450

 

Contracts in Progress

 

$

619,164

 

 

$

319,138

 

 

 

 

 

 

 

 

 

 

Billings to customers less revenue recognized

 

$

161,083

 

 

$

42,637

 

Costs incurred less costs of revenue recognized

 

 

(94,935

)

 

 

149,849

 

Advance Billings on Contracts

 

$

66,148

 

 

$

192,486