Contract Assets and Contract Liabilities
|3 Months Ended|
Mar. 31, 2019
|Contract Assets and Contract Liabilities [Abstract]|
|Contract Assets and Contract Liabilities||
Costs and estimated earnings on uncompleted contracts consisted of the following at March 31, 2019 and December 31, 2018:
The above amounts are included in the accompanying consolidated balance sheets under the following captions at March 31, 2019 and 2018:
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://fasb.org/us-gaap/role/ref/legacyRef