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CONTRACTS ASSETS AND CONTRACT LIABILITIES (Tables)
6 Months Ended
Jun. 25, 2022
CONTRACT ASSETS AND CONTRACT LIABILITIES  
Costs, Estimated Earnings And Billings On Uncompleted Contracts

 

 

June 25,

2022

 

 

December 25,

2021

 

Costs incurred on uncompleted contracts

 

$47,537

 

 

$36,429

 

Estimated earnings on uncompleted contracts

 

 

6,282

 

 

 

4,866

 

Earned revenues

 

 

53,819

 

 

 

41,295

 

Less: billings to date

 

 

50,506

 

 

 

39,172

 

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

 

$3,313

 

 

$2,123

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$5,645

 

 

$4,177

 

Contract liabilities

 

 

(2,332 )

 

 

(2,054 )

Net contract assets

 

$3,313

 

 

$2,123