Costs and Estimated Earnings on Uncompleted Contracts (Tables)

12 Months Ended

Dec. 31, 2017

Costs and Estimated Earnings on Uncompleted Contracts

Schedule of costs and estimated earnings on uncompleted contracts

Costs and estimated earnings on uncompleted contracts consist of the following at December 31 (in thousands):

	2017		2016
Costs incurred on uncompleted contracts	$	6,040,678	$	5,391,124
Gross profit recognized		519,173		456,871
		6,559,851		5,847,995
Less: billings to date		(6,558,793)		(5,821,983)
	$	1,058	$	26,012

Schedule of costs and estimated earnings on uncompleted contracts included in consolidated balance sheet

This amount is included under the following captions in the accompanying Consolidated Balance Sheets at December 31 (in thousands):

	2017		2016
Costs and estimated earnings in excess of billings	$	160,092	$	138,618
Billings in excess of cost and estimated earnings		(159,034)		(112,606)
	$	1,058	$	26,012