Quarterly report pursuant to Section 13 or 15(d)

Costs and Estimated Earnings on Uncompleted Contracts

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Costs and Estimated Earnings on Uncompleted Contracts
 9 Months Ended
Jun. 30, 2018
Contractors [Abstract]  
Costs and Estimated Earnings on Uncompleted Contracts

Note 5 - Costs and Estimated Earnings on Uncompleted Contracts

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

 

     June 30, 2018      September 30, 2017  
     (unaudited)         

Costs on uncompleted contracts

    $ 677,833      $ 489,661  

Estimated earnings to date on uncompleted contracts

      88,222        62,193  
  

 

 

     

 

 

  
     766,055        551,854  

Billings to date on uncompleted contracts

      (792,828 )       (579,370 ) 
  

 

 

     

 

 

  

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

    $ (26,773 )     $ (27,516 ) 
  

 

 

     

 

 

  

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

 

     June 30, 2018      September 30, 2017  
     (unaudited)         

Costs and estimated earnings in excess of billings on uncompleted contracts

    $ 12,747      $ 4,592  

Billings in excess of costs and estimated earnings on uncompleted contracts

      (39,520 )       (32,108 ) 
  

 

 

     

 

 

  

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

    $ (26,773 )     $ (27,516 )