Contracts and Accounts Receivable

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Contracts and Accounts Receivable

3.    Contracts and Accounts Receivable

Contracts and accounts receivable consist of the following:

	December 31,
	2018			2017
	(Dollars in thousands)
Contracts receivable:
Costs incurred on fee building projects	$	159,136		$	184,827
Estimated earnings	4,401			5,497
	163,537			190,324
Less: amounts collected during the period	(154,743		)	(178,704		)
Contracts receivable	$	8,794		$	11,620
Contracts receivable:
Billed	$	—		$	—
Unbilled	8,794			11,620
	8,794			11,620
Accounts receivable:
Escrow receivables	8,787			11,554
Other receivables	684			50
Contracts and accounts receivable	$	18,265		$	23,224

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, 2018 and 2017 are expected to be billed and collected within 30 days. Accounts payable at December 31, 2018 and 2017 includes $8.5 million and $11.3 million, respectively, related to costs incurred under the Company’s fee building contracts.