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CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)
9 Months Ended
Sep. 25, 2021
CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)  
Schedule of Costs, estimated earnings and billings on uncompleted contracts

 

 

September 25,

2021

 

 

December 26,

2020

 

Costs incurred on uncompleted contracts

 

$34,712

 

 

$39,154

 

Estimated earnings on uncompleted contracts

 

 

4,958

 

 

 

4,388

 

Earned revenues

 

 

39,670

 

 

 

43,542

 

Less: billings to date

 

 

36,679

 

 

 

40,710

 

Net costs and estimated earnings in excess of billings (billings in excess of costs) on uncompleted contracts

 

$2,991

 

 

$2,832

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$3,655

 

 

$4,090

 

Contract liabilities

 

 

(664 )

 

 

(1,258)

Net contract assets

 

$2,991

 

 

$2,832