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Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Description of Business and Summary of Significant Accounting Policies  
Costs and estimated earnings in excess of billings

 

 

 

 

At December 31,

 

 

 

2013

 

2012

 

 

 

(in thousands)

 

Unbilled costs and profits incurred to date*

 

$

204,276

 

$

157,119

 

Unapproved change orders

 

146,787

 

141,596

 

Claims

 

222,185

 

166,287

 

 

 

$

573,248

 

$

465,002

 

 

* 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.

Cash and Cash Equivalents and Restricted Cash

 

 

 

 

At December 31,

 

 

 

2013

 

2012

 

 

 

(in thousands)

 

Corporate cash and cash equivalents (available for general corporate purposes)

 

$

36,579

 

$

70,780

 

 

 

 

 

 

 

Company’s share of joint venture cash and cash equivalents (available only for joint venture purposes, including future distributions)

 

83,344

 

97,276

 

Total Cash and Cash Equivalents

 

$

119,923

 

$

168,056

 

 

 

 

 

 

 

Restricted Cash

 

$

42,594

 

$

38,717