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Costs And Estimated Earnings On Uncompleted Contracts
 3 Months Ended
Mar. 31, 2017
Costs And Estimated Earnings On Uncompleted Contracts [Abstract]  
Costs And Estimated Earnings On Uncompleted Contracts

8.COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

Costs and estimated earnings on uncompleted contracts consist of the following:





 

 

 

 

 

 



 

 

 

 

 

 



 

As of

 

As of



 

March 31, 2017

 

December 31, 2016



 

 

 

 

 

 



 

(in thousands)

Costs incurred on uncompleted contracts

 

$

 29,946 

 

$

 34,577 

Estimated earnings

 

 

 10,592 

 

 

 11,185 

Billings to date

 

 

 (27,721)

 

 

 (36,027)



 

$

 12,817 

 

$

 9,735 



These amounts are included in the accompanying Consolidated Balance Sheets under the following captions:





 

 

 

 

 

 



 

 

 

 

 

 



 

As of

 

As of



 

March 31, 2017

 

December 31, 2016



 

 

 

 

 

 



 

(in thousands)

Costs and estimated earnings in excess of billings on uncompleted contracts

 

$

 13,108 

 

$

 11,127 

Billings in excess of costs and estimated earnings on

 

 

 

 

 

 

uncompleted contracts (included in Other current liabilities)

 

 

 (291)

 

 

 (1,392)



 

$

 12,817 

 

$

 9,735 



Eight significant customers comprised 88.2% and 81.6% of the costs and estimated earnings in excess of billings on uncompleted contracts, net of billings in excess of costs and estimated earnings at March 31, 2017 and December 31, 2016, respectively.