DYCOM INDUSTRIES INC | 2013 | FY | 3

Costs and Estimated Earnings in Excess of Billings
 
Costs and estimated earnings in excess of billings, net, consists of the following:
 
 
July 27,
2013
 
July 28,
2012
 
(Dollars in thousands)
Costs incurred on contracts in progress
$
208,250

 
$
100,766

Estimated to date earnings
49,150

 
26,555

Total costs and estimated earnings
257,400

 
127,321

Less: billings to date
(66,839
)
 
(1,522
)
 
$
190,561

 
$
125,799

Included in the accompanying consolidated balance sheets under the captions:
 

 
 

Costs and estimated earnings in excess of billings
$
204,349

 
$
127,321

Billings in excess of costs and estimated earnings
(13,788
)
 
(1,522
)
 
$
190,561

 
$
125,799


 
The above amounts include revenue for services from contracts based both on the units-of-delivery and the cost-to-cost measures of the percentage of completion method. Additionally, the amounts above include the impact of amounts acquired on December 3, 2012 related to the Acquired Subsidiaries.

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