Contracts and Accounts Receivable

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Contracts and Accounts Receivable

3.    Contracts and Accounts Receivable

Contracts and accounts receivable consist of the following:

	December 31,
	2017			2016
	(Dollars in thousands)
Contracts receivable:
Costs incurred on fee building projects	$	184,827		$	178,103
Estimated earnings	5,497			8,404
	190,324			186,507
Less: amounts collected during the period	(178,704		)	(162,203		)
Contracts receivable	$	11,620		$	24,304
Contracts receivable:
Billed	$	—		$	—
Unbilled	11,620			24,304
	11,620			24,304
Accounts receivable:
Escrow receivables	11,554			3,385
Other receivables	50			144
Contracts and accounts receivable	$	23,224		$	27,833

Billed contracts receivable represent amounts billed to customers that have yet to be collected. Unbilled contracts receivable represents the contract revenue recognized but not yet invoiced. All unbilled receivables as of December 31, 2017 and 2016 are expected to be billed and collected within 30 days. Accounts payable at December 31, 2017 and 2016 includes $11.3 million and $22.8 million, respectively, related to costs incurred under the Company’s fee building contracts.