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Costs and estimated earnings in excess of billings (Tables)
3 Months Ended
Mar. 31, 2015
Costs and estimated earnings in excess of billings [Abstract]  
Costs and estimated earnings in excess of billings

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

2015

 

2014

 

 

(in thousands)

Unbilled costs and profits incurred to date*

 

$

241,631 

 

$

253,078 

Unapproved change orders

 

 

235,242 

 

 

161,375 

Claims

 

 

318,637 

 

 

311,949 

 

 

$

795,510 

 

$

726,402 

 


*  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.