XML 92 R10.htm IDEA: XBRL DOCUMENT v2.4.1.9
Construction Contracts in Progress
12 Months Ended
Dec. 31, 2014
LongTermContractsOrProgramsDisclosureTextBlockAbstract  
Construction Contracts in Progress
CONSTRUCTION CONTRACTS IN PROGRESS
The status of contracts in progress as of December 31, 2014 and 2013 is as follows:
 
 
 
2014
 
2013
Costs incurred on uncompleted contracts
 
$
92,190

 
$
74,242

Estimated earnings
 
47,510

 
41,130

Earned revenue
 
139,700

 
115,372

Less billings to date
 
(132,790
)
 
(104,679
)
Total
 
$
6,910

 
$
10,693

Classified as follows:
 
 
 
 
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
9,904

 
$
11,899

Billings in excess of costs and estimated earnings on uncompleted contracts
 
(2,994
)
 
(1,206
)
Total
 
$
6,910

 
$
10,693


Costs and estimated earnings in excess of billings on uncompleted contracts are included in accounts receivable on the consolidated balance sheet, while billings in excess of costs and estimated earnings on uncompleted contracts are included in other accrued liabilities on the consolidated balance sheet.
As of December 31, 2014 we had one construction contract in progress that was identified as loss contracts and a provision for losses of $4 was recorded in other accrued liabilities on the consolidated balance sheet. As of December 31, 2013, we had three construction contracts in progress that were identified as loss contracts and a provision for losses of $68 was recorded in other accrued liabilities on the consolidated balance sheet.