PMFG, Inc. | 2013 | FY | 3


NOTE H. COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS

The components of uncompleted contracts are as follows (in thousands):

 

     June 29,     June 30,  
     2013     2012  

Costs incurred on uncompleted contracts and estimated earnings

   $ 70,389      $ 64,503   

Less billings to date

     (60,122     (61,665
  

 

 

   

 

 

 
   $ 10,267      $ 2,838   
  

 

 

   

 

 

 

The components of uncompleted contracts are reflected in the Consolidated Balance Sheets as follows (in thousands):

 

     June 29,     June 30,  
     2013     2012  

Costs and earnings in excess of billings on uncompleted contracts

   $ 16,544      $ 14,635   

Billings in excess of costs and earnings on uncompleted contracts

     (6,277     (11,797
  

 

 

   

 

 

 
   $ 10,267      $ 2,838   
  

 

 

   

 

 

 

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