XML 32 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 4 - Cost and Estimated Earnings on Uncompleted Contracts
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Long-term Contracts or Programs Disclosure [Text Block]
NOTE
4
— COST AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS
 
Cost and estimated earnings on uncompleted contracts consist of the following:
 
   
December 31,
  
   
2017
   
2016
 
   
(Dollars in thousands)
  
Costs and estimated earnings incurred on uncompleted contracts
   $
550,823
     $
402,357
  
Less billings to date
    
(530,119
 )    
(381,789
 )
Total
   $
20,704
     $
20,568
  
 
These amounts are included in the consolidated balance sheets under the following captions:
 
   
December 31,
  
   
2017
   
2016
 
   
(Dollars in thousands)
  
Costs and estimated earnings in excess of billings on uncompleted contracts
   $
40,945
     $
52,198
  
Billings in excess of costs and estimated earnings on uncompleted contracts
    
(20,241
 )    
(31,630
 )
Total
   $
20,704
     $
20,568
  
 
The completion costs of the Company
’s construction contracts are subject to estimation. Due to uncertainties inherent in the estimation process, it is reasonably possible that estimated contract earnings will be further revised in the near term.