Unbilled Services

6 Months Ended

Jun. 30, 2013

Note 2 – Unbilled Services

The Company’s unbilled services consist primarily of unbilled labor and production overhead, as well as production supplies. Production supplies are stated at the lower of cost or market.

The Company’s unbilled services are primarily valued on the first-in, first-out (FIFO) basis, with the exception of two of the Company’s locations which are valued using the last-in, first-out (LIFO) method. The Company periodically evaluates the realizability of unbilled services and adjusts the carrying value as necessary.

Unbilled services consist of the following:

	June 30,			December 31,
	2013			2012

Unbilled services	$	19,936		$	19,853
Production supplies		1,631			1,737
		21,567			21,590
Less: LIFO reserve		(736	)		(666	)
Total	$	20,831		$	20,924

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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