Annual report pursuant to Section 13 and 15(d)

Costs and Estimated Earnings on Uncompleted Contracts (Tables)

v3.10.0.1
Costs and Estimated Earnings on Uncompleted Contracts (Tables)
 12 Months Ended
Sep. 30, 2018
Contractors [Abstract]  
Costs and Estimated Earnings Compared to Billings on Uncompleted Contracts
Costs and estimated earnings compared to billings on uncompleted contracts at September 30, 2018 and September 30, 2017 consisted of the following (in thousands):

September 30,

2018
 
2017
Costs on uncompleted contracts
$
743,322

 
$
489,661

Estimated earnings to date on uncompleted contracts
95,155

 
62,193


838,477

 
551,854

Billings to date on uncompleted contracts
(867,881
)
 
(579,370
)
Net billings in excess of costs and estimated earnings on uncompleted contracts
$
(29,404
)
 
$
(27,516
)


 


Reconciliation of net billings in excess of costs and estimated earnings to amounts reflected on the Company’s Consolidated Balance Sheets at September 30, 2018 and September 30, 2017 is follows (in thousands):

September 30,

2018
 
2017
Costs and estimated earnings in excess of billings on uncompleted contracts
$
9,334

 
$
4,592

Billings in excess of costs and estimated earnings on uncompleted contracts
(38,738
)
 
(32,108
)
Net billings in excess of costs and estimated earnings on uncompleted contracts
$
(29,404
)
 
$
(27,516
)