NOTE 3 - CONTRACTS (Tables)

9 Months Ended

Sep. 26, 2015

Contractors [Abstract]

Costs in Excess of Billings and Billings in Excess of Costs [Table Text Block]

Costs, estimated earnings and billings on uncompleted contracts consisted of the following at September 26, 2015 and December 27, 2014:

	September 26, 2015			December 27, 2014
	(dollars in thousands)
Costs incurred on uncompleted contracts	$	51,897		$	52,103
Estimated earnings (losses) on uncompleted contracts		19,921			19,543
Earned revenues		71,818			71,646
Less: billings to date		74,871			77,932
Net costs and estimated earnings in excess of billings on uncompleted contracts	$	(3,053	)	$	(6,286	)
Costs and estimated earnings in excess of billings on uncompleted contracts	$	2,386		$	3,546
Billings in excess of costs and estimated earnings on uncompleted contracts		(5,439	)		(9,832	)
Net costs and estimated earnings in excess of billings on uncompleted contracts	$	(3,053	)	$	(6,286	)