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Costs and Estimated Earnings on Uncompleted Contracts (Tables)
9 Months Ended
Sep. 30, 2015
Text Block [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts

Our contracts have various lengths to completion ranging from a few days to several months. We anticipate that a majority of our current contracts will be completed within the next twelve months.

 

(Table only in thousands)    September 30,
2015
     December 31,
2014
 

Costs incurred on uncompleted contracts

   $ 206,968       $ 97,979   

Estimated earnings

     70,207         28,328   
  

 

 

    

 

 

 
     277,175         126,307   

Less billings to date

     (241,830      (116,533
  

 

 

    

 

 

 
   $ 35,345       $ 9,774   
  

 

 

    

 

 

 

Included in the accompanying condensed consolidated balance sheets under the following captions:

     

Costs and estimated earnings in excess of billings on uncompleted contracts

   $ 58,686       $ 24,371   

Billings in excess of costs and estimated earnings on uncompleted contracts

     (23,341      (14,597
  

 

 

    

 

 

 
   $ 35,345       $ 9,774