Costs and estimated earnings in excess of billings and billings in excess of costs and estimated earnings on uncompleted contracts at December 31, were as follows:
|
| | | | | | |
| 2013 |
| 2012 |
|
| (In thousands) |
Costs and estimated earnings in excess of billings on uncompleted contracts | $ | 60,828 |
| $ | 64,996 |
|
Billings in excess of costs and estimated earnings on uncompleted contracts | $ | 84,189 |
| $ | 83,167 |
|
Amounts representing balances billed but not paid by customers under retainage provisions in contracts at December 31, were as follows:
|
| | | | | | |
| 2013 |
| 2012 |
|
| (In thousands) |
Short-term retainage * | $ | 55,906 |
| $ | 54,256 |
|
Long-term retainage ** | 4,229 |
| 2,038 |
|
Total retainage | $ | 60,135 |
| $ | 56,294 |
|
* Expected to be paid within one year or less and included in receivables, net.
** Included in deferred charges and other assets - other.
