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Customer Contracts
 12 Months Ended
Jun. 30, 2015
Contractors [Abstract]  
Customer Contracts
Customer Contracts
Contract terms of the Company’s construction contracts generally provide for progress billings based on project milestones. The excess of costs incurred and estimated earnings over amounts billed on uncompleted contracts is reported as a current asset. The excess of amounts billed over costs incurred and estimated earnings on uncompleted contracts is reported as a current liability. Gross and net amounts on uncompleted contracts are as follows: 
 
 
June 30,
2015
 
June 30,
2014
 
 
(In thousands)
Costs and estimated earnings recognized on uncompleted contracts
 
$
1,633,780

 
$
1,435,242

Billings on uncompleted contracts
 
1,644,413

 
1,470,674

 
 
$
(10,633
)
 
$
(35,432
)
Shown on balance sheet as:
 
 
 
 
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
86,071

 
$
73,008

Billings on uncompleted contracts in excess of costs and estimated earnings
 
96,704

 
108,440

 
 
$
(10,633
)
 
$
(35,432
)

Other
In the twelve months ended June 30, 2015, our results of operations were materially impacted by charges resulting from a change in estimate related to an acquired EPC joint venture project in the Electrical Infrastructure segment, as described in Note 2 - Acquisitions. The charges resulted in a reduction to operating income of $53.4 million and an after-tax reduction of $18.3 million to net income attributable to Matrix Service Company for the twelve months ended June 30, 2015. The charge was a result of labor compression and productivity losses, as well as technical issues that created rework, installation and commissioning complexity, all of which pushed the completion date and project costs beyond the previous forecasts. The Company reached substantial completion in the fourth quarter of fiscal 2015 for this project; therefore, any future impact to earnings is not expected to be significant.
In the twelve months ended June 30, 2014, our results of operations were materially impacted by a charge resulting from a change in estimate on an aboveground storage tank project. The charge resulted in an $8.4 million decrease in operating income for the twelve months ended June 30, 2014.