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Costs and estimated earnings in excess of billings (Tables)
3 Months Ended
Mar. 31, 2014
Costs and estimated earnings in excess of billings  
Costs and estimated earnings in excess of billings

 

 

 

March 31

 

December 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Unbilled costs and profits incurred to date*

 

$

291,188

 

$

204,276

 

Unapproved change orders

 

163,921

 

146,787

 

Claims

 

243,314

 

222,185

 

 

 

$

698,423

 

$

573,248

 

 

* 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.