Accounts Receivable And Contracts In Progress

6 Months Ended

Jun. 30, 2012

Accounts Receivable And Contracts In Progress [Abstract]

Accounts Receivables And Contracts In Progress

3.Accounts receivable and contracts in progress

Accounts receivable at June 30, 2012 and December 31, 2011 are as follows:

	June 30,		December 31,
	2012		2011
Completed contracts	$	30,713	$	38,317
Contracts in progress		71,506		69,469
Retainage		21,220		20,692
		123,439		128,478
Allowance for doubtful accounts		(1,500)		(1,839)
Total accounts receivable—net	$	121,939	$	126,639
Current portion of accounts receivable—net	$	112,897	$	120,268
Long-term accounts receivable and retainage		9,042		6,371
Total accounts receivable—net	$	121,939	$	126,639

The components of contracts in progress at June 30, 2012 and December 31, 2011 are as follows:

	June 30,		December 31,
	2012		2011
Costs and earnings in excess of billings:
Costs and earnings for contracts in progress	$	366,985	$	173,187
Amounts billed		(317,477)		(152,045)
Costs and earnings in excess of billings for contracts in progress		49,508		21,142
Costs and earnings in excess of billings for completed contracts		1,381		7,459
Total contract revenues in excess of billings	$	50,889	$	28,601
Current portion of contract revenues in excess of billings	$	50,889	$	26,412
Portion included in other noncurrent assets		-		2,189
Total contract revenues in excess of billings	$	50,889	$	28,601
Billings in excess of costs and earnings:
Amounts billed	$	(383,047)	$	(427,797)
Costs and earnings for contracts in progress		363,048		414,170
Total billings in excess of contract revenues	$	(19,999)	$	(13,627)