XML 31 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
Construction Contracts in Progress
12 Months Ended
Dec. 31, 2017
LongTermContractsOrProgramsDisclosureTextBlockAbstract  
Construction Contracts in Progress
CONSTRUCTION CONTRACTS IN PROGRESS
The status of contracts in progress as of December 31, 2017 and 2016 is as follows:
 
 
2017
 
2016
Costs incurred on uncompleted contracts
 
$
101,600

 
$
111,925

Estimated earnings
 
49,561

 
55,527

Earned revenue
 
151,161

 
167,452

Less billings to date
 
(145,670
)
 
(162,427
)
Total
 
$
5,491

 
$
5,025

Classified as follows:
 
 
 
 
Costs and estimated earnings in excess of billings on uncompleted contracts
 
$
7,894

 
$
6,755

Billings in excess of costs and estimated earnings on uncompleted contracts
 
(2,403
)
 
(1,730
)
Total
 
$
5,491

 
$
5,025


Costs and estimated earnings in excess of billings on uncompleted contracts are included in accounts receivable on the consolidated balance sheet, while billings in excess of costs and estimated earnings on uncompleted contracts are included in other accrued liabilities on the consolidated balance sheet.
As of December 31, 2017 we had four construction contracts in progress that were identified as loss contracts and a provision for losses of $117 was recorded in other accrued liabilities on the consolidated balance sheet. As of December 31, 2016, we had 2 construction contracts in progress that was identified as a loss contract and a provision for losses of $41 was recorded in other accrued liabilities on the consolidated balance sheet.