AZZ INC | 2013 | FY | 3

Costs and estimated earnings on uncompleted contracts
Costs and estimated earnings on uncompleted contracts consisted of the following:
 
 
 
2013
 
2012
 
 
(In thousands)
Costs incurred on uncompleted contracts
 
$
56,499

 
$
51,573

Estimated earnings
 
27,275

 
33,784

 
 
83,774

 
85,357

Less billings to date
 
72,666

 
72,307

 
 
$
11,108

 
$
13,050

The amounts noted above are included in the accompanying consolidated balance sheets under the following captions:
 
 
 
2013
 
2012
 
 
(In thousands)
Cost and estimated earnings in excess of billings on uncompleted contracts
 
$
12,878

 
$
14,038

Billings in excess of costs and estimated earnings on uncompleted contracts
 
(1,770
)
 
(988
)
 
 
$
11,108

 
$
13,050

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