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Costs and estimated earnings in excess of billings (Tables)
6 Months Ended
Jun. 30, 2015
Costs and estimated earnings in excess of billings [Abstract]  
Costs and estimated earnings in excess of billings

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

2015

 

2014

 

(in thousands)

Unbilled costs and profits incurred to date (a)

$

248,561 

 

$

253,078 

Unapproved change orders

 

274,134 

 

 

161,375 

Claims

 

293,785 

 

 

311,949 

 

$

816,480 

 

$

726,402 

 


(a) Represents the excess of contract costs and profits recognized to date on the percentage of completion accounting method over the amount of contract billings to date on certain contracts.