Military Privatization (Tables)

12 Months Ended

Dec. 31, 2016

Military Privatization

Schedule of costs and estimated earnings on uncompleted contracts and amounts due from the U.S. government

Costs and estimated earnings on contracts and amounts due from the U.S. government as of December 31, 2016 and 2015 are as follows:

(dollars in thousands)	2016			2015
Revenues (costs and estimated earnings) recognized on contracts	$	104,830		$	111,397
Less: Billings to date on contracts	(43,161		)	(61,662		)
	$	61,669		$	49,735
Included in the accompanying balance sheets under the following captions:
Costs and estimated earnings in excess of billings on contracts	$	63,932		$	53,499
Billings in excess of costs and estimated earnings on contracts	(2,263		)	(3,764		)
	$	61,669		$	49,735
Receivables from the U.S. government:
Billed receivables from the U.S. government	$	8,467		$	5,861
Unbilled receivables from the U.S. government (current)	6,691			1,309
Total	$	15,158		$	7,170