ACCOUNTS RECEIVABLE

12 Months Ended

Sep. 30, 2013

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

NOTE 5—ACCOUNTS RECEIVABLE

The components of accounts receivable under long-term contracts are as follows (in thousands):

September 30,	2013			2012
	(As Restated)			(As Restated)
U.S. Government Contracts:
Amounts billed	$	51,529		$	42,852
Recoverable costs and accrued profits on progress completed—not billed	60,435			77,750
	111,964			120,602
Commercial Customers:
Amounts billed	47,454			48,280
Recoverable costs and accrued profits on progress completed—not billed	221,911			184,927
	269,365			233,207
	381,329			353,809
Less unbilled amounts not currently due—commercial customers	(19,021		)	(21,918		)
	$	362,308		$	331,891

A portion of recoverable costs and accrued profits on progress completed is billable under progress or milestone payment provisions  of the related contracts. The remainder of these amounts is billable upon delivery of products or furnishing of services, with an immaterial amount subject to retainage provisions of the contracts. It is anticipated that we will bill and collect substantially the entire unbilled portion of receivables identified as current assets under progress billing provisions of the contracts or upon completion of milestones and/or acceptance by the customers during fiscal 2014. The amount classified as not currently due is an estimate of the amount of long-term contract accounts receivable that will not be collected within one year from September 30, 2013 under transportation systems contracts in the U.S., Australia and the U.K.