Contract Assets and Contract Liabilities (Tables)

9 Months Ended

Sep. 28, 2019

Contractors [Abstract]

Schedule of Costs Estimated Earnings and Billings on Uncompleted Contracts

Costs, estimated earnings and billings on uncompleted contracts consisted of the following at September 28, 2019 and December 29, 2018:

	September 28, 2019			December 29, 2018
	(dollars in thousands)
Costs incurred on uncompleted contracts	$	24,451		$	34,800
Estimated earnings on uncompleted contracts		4,843			6,921
Earned revenues		29,294			41,721
Less: billings to date		25,979			39,150
Net costs and estimated earnings in excess of billings (billings in excess of costs) on uncompleted contracts	$	3,315		$	2,571
Contract assets	$	4,128		$	3,175
Contract liabilities		(813	)		(604	)
Net contract assets	$	3,315		$	2,571