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NOTE 3 - CONTRACTS
 3 Months Ended
Mar. 28, 2015
Contractors [Abstract]  
Long-term Contracts or Programs Disclosure [Text Block]
NOTE 3 – CONTRACTS

Costs, estimated earnings and billings on uncompleted contracts consisted of the following at March 28, 2015 and December 27, 2014:

   
March 28,
2015
   
December 27,
2014
 
   
(dollars in thousands)
 
Costs incurred on uncompleted contracts
 
$
49,834
   
$
52,103
 
Estimated earnings (losses) on uncompleted contracts
   
18,793
     
19,543
 
Earned revenues
   
68,627
     
71,646
 
Less: billings to date
   
73,148
     
77,932
 
Net costs and estimated earnings in excess of billings on uncompleted contracts
 
$
(4,521
)
 
$
(6,286
)
                 
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
3,806
   
$
3,546
 
Billings in excess of costs and estimated earnings on uncompleted contracts
   
(8,327
)
   
(9,832
)
Net costs and estimated earnings in excess of billings on uncompleted contracts
 
$
(4,521
)
 
$
(6,286
)

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 $2.5 million in contingency amounts as of March 28, 2015 compared to $2.9 million as of December 27, 2014. 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. There is $0.8 million of revenue deferred as of March 28, 2015 compared to $0.3 million as of December 27, 2014.