CONTRACT ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Contractors [Abstract]

Schedule of Costs and Estimated Earnings on Uncompleted Contracts Included in Condensed Consolidated Balance Sheets

Costs and estimated profits on uncompleted contracts and related amounts billed were as follows (in thousands):

	December 31,
	2023		2022
Costs incurred on uncompleted contracts	$	92,363	$	70,329
Estimated profits, thereon	37,379		23,274
Total costs and estimated profits on uncompleted contracts	129,742		93,603
Less: billings to date	96,928		80,421
Total	$	32,814	$	13,182

Such amounts were included in the accompanying Consolidated Balance Sheets for 2023 and 2022 under the following captions (in thousands):

	December 31,
	2023		2022
Costs and estimated profits in excess of billings	$	42,323	$	23,588
Billings in excess of costs and estimated profits	(9,506)		(10,411)
Translation Adjustment	(3)		5
Net contract assets	$	32,814	$	13,182