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NOTE 7 - CONTRACTS
 12 Months Ended
Dec. 27, 2014
Contractors [Abstract]  
Long-term Contracts or Programs Disclosure [Text Block]
NOTE 7 - CONTRACTS

Costs, estimated earnings and billings on uncompleted contracts consist of the following at December 27, 2014 and December 28, 2013 (dollars in thousands):

   
2014
   
2013
 
Costs incurred on uncompleted contracts
 
$
52,103
   
$
43,342
 
Estimated earnings on uncompleted contracts
   
19,543
     
12,022
 
Earned revenues
   
71,646
     
55,364
 
Less: billings to date
   
77,932
     
61,212
 
Net costs in excess of billings on uncompleted contracts
 
$
(6,286
)
 
$
(5,848
)
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
3,546
   
$
1,206
 
Billings in excess of costs/earnings on uncompleted contracts
   
(9,832
)
   
(7,054
)
Net costs in excess of billings on uncompleted contracts
 
$
(6,286
)
 
$
(5,848
)

Revenue on fixed-price contracts is recorded primarily using the percentage-of-completion (cost-to-cost) method. Revenue and gross margin on fixed-price contracts are subject to revision throughout the lives of the contracts and any required adjustments are made in the period in which the revisions become known. To manage unknown risks, management may use contingency amounts to increase the estimated costs, therefore, lowering the earned revenues until the risks are better identified and quantified or have been mitigated. We currently have $2.9 million in contingency amounts as of December 27, 2014 compared to $3.6 million as of December 28, 2013. Losses on contracts are recorded in full as they are identified.

The Company recognizes service revenue as soon as the services are performed. For clients that we consider higher risk, due to past payment history or history of not providing written work authorizations, we have deferred revenue recognition until we receive either a written authorization or a payment. We currently have $0.3 million in deferred revenue recognition as of December 27, 2014 compared to $0.3 million as of December 28, 2013. This deferred revenue represents work on not to exceed contracts that has been performed but has not been billed nor been booked as revenue due to the Company’s revenue recognition policies as the work was performed outside the contracted amount without obtaining proper work order changes. It is uncertain as to whether these revenues will eventually be recognized by the Company or the proceeds collected. The costs associated with these billings have been expensed as incurred.