Quarterly report pursuant to Section 13 or 15(d)

Costs and Estimated Earnings on Uncompleted Contracts (Tables)

v3.8.0.1
Costs and Estimated Earnings on Uncompleted Contracts (Tables)
6 Months Ended
Mar. 31, 2018
Contractors [Abstract]  
Costs and Estimated Earnings Compared to Billings on Uncompleted Contracts

Costs and estimated earnings compared to billings on uncompleted contracts at March 31, 2018 and September 30, 2017 consist of the following (in thousands):

 

     March 31, 2018      September 30, 2017  
     (unaudited)         

Costs on uncompleted contracts

   $ 545,216      $ 489,661  

Estimated earnings to date on uncompleted contracts

     68,428        62,193  
  

 

 

    

 

 

 
     613,644        551,854  

Billings to date on uncompleted contracts

     (635,619      (579,370
  

 

 

    

 

 

 

Net billings in excess of costs and estimated earnings on uncompleted contracts

   $ (21,975    $ (27,516
  

 

 

    

 

 

 
Reconciliation of Net Billings in Excess of Costs and Estimated Earnings to Amounts Reflected on Company's Consolidated Balance Sheet

Reconciliation of net billings in excess of costs and estimated earnings on uncompleted contracts to amounts reflected on the Company’s Consolidated Balance Sheet at March 31, 2018 and September 30, 2017 is as follows (in thousands):

 

     March 31, 2018      September 30, 2017  
     (unaudited)         

Costs and estimated earnings in excess of billings on uncompleted contracts

   $ 10,132      $ 4,592  

Billings in excess of costs and estimated earnings on uncompleted contracts

     (32,107      (32,108
  

 

 

    

 

 

 

Net billings in excess of costs and estimated earnings on uncompleted contracts

   $ (21,975    $ (27,516