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CONTRACTS ASSETS AND CONTRACT LIABILITIES (Tables)
6 Months Ended
Jul. 01, 2023
CONTRACTS ASSETS AND CONTRACT LIABILITIES (Tables)  
Costs, Estimated Earnings And Billings On Uncompleted Contracts

 

 

July 1, 2023

 

 

December 31, 2022

 

Costs incurred on uncompleted contracts

 

$53,994

 

 

$59,298

 

Estimated earnings on uncompleted contracts

 

 

2,519

 

 

 

4,464

 

Earned revenues

 

 

56,513

 

 

 

63,762

 

Less: billings to date

 

 

53,817

 

 

 

59,784

 

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

 

$2,696

 

 

$3,978

 

 

 

 

 

 

 

 

 

 

Contract assets

 

$3,748

 

 

$4,934

 

Contract liabilities

 

 

(1,052 )

 

 

(956 )

Net contract assets

 

$2,696

 

 

$3,978