2. BILLINGS, COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

3 Months Ended

Mar. 31, 2017

Contractors [Abstract]

BILLINGS, COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

The components of billings, costs and estimated earnings on uncompleted contracts are summarized below:

	March 31, 2017			December 31, 2016
Costs incurred on uncompleted contracts	$	9,811		$	8,858
Estimated earnings on uncompleted contracts		7,884			6,777
		17,695			15,635
Less: Billings to date on uncompleted contracts		(18,288	)		(17,907	)
	$	(593	)	$	(2,272	)
Included in the accompanying condensed consolidated balance sheets under the following captions:
Costs and estimated earnings in excess of billings on uncompleted contracts	$	1,021		$	1,077
Billings in excess of costs and estimated earnings on uncompleted contracts		(1,614	)		(3,349	)
	$	(593	)	$	(2,272	)

The balance in costs and estimated earnings in excess of billings on uncompleted contracts at March 31, 2017 and December 31, 2016 consisted primarily of earned but unbilled revenues related to fixed-price projects.

The balance in billings in excess of costs and estimated earnings on uncompleted contracts at March 31, 2017 and December 31, 2016 consisted primarily of unearned billings related to fixed-price projects.