Contract Receivables and Billings in Excess of Revenue Recognized

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Note 3. Contract Receivables and Billings in Excess of Revenue Recognized

At March 31, 2016 and December 31, 2015, contract receivables consist of the following (in thousands):

	Successor
	March 31, 2016		March 31, 2015
	(Unaudited)
Billed accounts receivable	$	19,412	$	27,875
Unbilled accounts receivable		6,941		5,225
		26,353		33,100
Less: allowance for doubtful accounts		(276)		(276)
	$	26,077	$	32,824

Billings in excess of revenue recognized as of March 31, 2016 and December 31, 2015, are comprised primarily of billings from firm fixed-price contacts, where revenue is recognized in accordance with the proportional performance method.