NOTE 4 - CONTRACTS (Tables)

3 Months Ended

Mar. 30, 2013

Schedule of Costs and estimated earnings and billings on uncompleted contracts [Table Text Block]

Costs, estimated earnings and billings on uncompleted contracts consisted of the following at March 30, 2013 and December 29, 2012:

	March 30, 2013			December 29, 2012
	(dollars in thousands)
Costs incurred on uncompleted contracts	$	50,345		$	51,649
Estimated earnings (losses) on uncompleted contracts		4,889			3,216
Earned revenues		55,234			54,865
Less: billings to date		58,021			55,855
Net costs and estimated earnings in excess of billings on uncompleted contracts	$	(2,787	)	$	(990	)
Costs and estimated earnings in excess of billings on uncompleted contracts	$	1,651		$	3,840
Billings in excess of costs and estimated earnings on uncompleted contracts		(4,438	)		(4,830	)
Net costs and estimated earnings in excess of billings on uncompleted contracts	$	(2,787	)	$	(990	)