| |
December 31, | ||||||
|---|---|---|---|---|---|---|---|
| ($ in thousands) |
2013 | 2012 | |||||
|
Costs incurred on uncompleted contracts |
$ | 57,213 | $ | 446,789 | |||
|
Earnings recognized on uncompleted contracts |
1,545 | 78,468 | |||||
| | | | | | | | |
|
Total |
58,758 | 525,257 | |||||
|
Less—billings to date |
(29,711 | ) | (491,403 | ) | |||
| | | | | | | | |
|
Net |
$ | 29,047 | $ | 33,854 | |||
| | | | | | | | |
| | | | | | | | |
|
Costs and estimated earnings in excess of billings |
$ | 41,804 | $ | 50,059 | |||
|
Billings in excess of costs and estimated earnings |
(12,757 | ) | (16,205 | ) | |||
| | | | | | | | |
|
Net |
$ | 29,047 | $ | 33,854 | |||
| | | | | | | | |
| | | | | | | | |