Contract Receivables and Billings in Excess of Revenue Recognized

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

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

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

At September 30, 2016 and December 31, 2015, contract receivables consist of the following (in thousands):

	Successor
	September 30, 2016		December 31, 2015
	(Unaudited)
Billed accounts receivable	$	21,621	$	27,875
Unbilled accounts receivable		9,229		5,225
		30,850		33,100
Less: allowance for doubtful accounts		(66)		(276)
	$	30,784	$	32,824

Billings in excess of revenue recognized as of September 30, 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.