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Costs and estimated earnings in excess of billings (Tables)
6 Months Ended
Jun. 30, 2014
Costs and estimated earnings in excess of billings  
Costs and estimated earnings in excess of billings

 

 

 

June 30,

 

December 31,

 

 

 

2014

 

2013

 

 

 

(in thousands)

 

Unbilled costs and profits incurred to date*

 

$

283,516

 

$

204,276

 

Unapproved change orders

 

125,018

 

146,787

 

Claims

 

252,418

 

222,185

 

 

 

$

660,952

 

$

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.