Costs and Estimated Earnings on Uncompleted Contracts
|9 Months Ended|
Sep. 30, 2017
|Costs and Estimated Earnings on Uncompleted Contracts [Abstract]|
|Costs and Estimated Earnings on Uncompleted Contracts||
Costs and estimated earnings on uncompleted contracts consist of the following at September 30, 2017 and December 31, 2016:
The above amounts are included in the accompanying condensed consolidated balance sheets under the following captions at September 30, 2017 and December 31, 2016.
Although management believes it has established adequate procedures for estimating costs to complete on open contracts, it is at least reasonably possible that additional significant costs could occur on contracts prior to completion. The Company periodically evaluates and revises its estimates and makes adjustments when they are considered necessary.
The entire disclosure for long-term contracts or programs.
Reference 1: http://www.xbrl.org/2003/role/presentationRef