ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

ACCOUNTS RECEIVABLE

NOTE 6—ACCOUNTS RECEIVABLE

Accounts Receivable—Trade, Net―A summary of contract receivables is as follows:

	March 31, 2018			December 31, 2017
	(In thousands)
Contract receivables	$	313,758		$	225,974
Retainages		98,551			119,550
Less allowances		(17,236	)		(17,222	)
Accounts receivable—trade, net	$	395,073		$	328,302

Retainages—Contract retainages generally represent amounts withheld by our customers until project completion, in accordance with the terms of the applicable contracts. The following is a summary of retainages on our contracts:

	March 31, 2018		December 31, 2017
	(In thousands)
Retainages expected to be collected within one year	$	98,551	$	119,550
Retainages expected to be collected after one year		40,154		39,253
Total retainages	$	138,705	$	158,803