COST AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS (Tables)

12 Months Ended

Dec. 31, 2012

Cost and Estimated Earnings on Uncompleted Contracts

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

	December 31,
	2012			2011
	(Dollars in thousands)
Costs and estimated earnings incurred on uncompleted contracts	$	192,948		$	69,427
Less billings to date		(208,743	)		(98,565	)
Total	$	(15,795	)	$	(29,138	)

Amounts Included in Consolidated Balance Sheets

These amounts are included in the consolidated balance sheets under the following captions:

	December 31,
	2012			2011
	(Dollars in thousands)
Costs and estimated earnings in excess of billings on uncompleted contracts	$	9,613		$	3,966
Billings in excess of costs and estimated earnings on uncompleted contracts		(25,408	)		(33,104	)
Total	$	(15,795	)	$	(29,138	)