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INVENTORIES
12 Months Ended
Sep. 30, 2013
INVENTORIES  
INVENTORIES

NOTE 6—INVENTORIES

 

Significant components of inventories are as follows (in thousands):

 

September 30,

 

2013

 

2012

 

 

 

(As Restated)

 

(As Restated)

 

Work in process and inventoried costs under long-term contracts

 

$

80,918

 

$

68,525

 

Materials and purchased parts

 

693

 

858

 

Customer advances

 

(21,865

)

(27,288

)

 

 

$

59,746

 

$

42,095

 

 

At September 30, 2013, work in process and inventoried costs under long-term contracts includes approximately $5.8 million in costs incurred outside the scope of work or in advance of a contract award, compared to $1.9 million as of September 30, 2012. We believe it is probable that we will recover the costs inventoried at September 30, 2013, plus a profit margin, under contract change orders or awards within the next year.

 

Costs we incur for certain U.S. federal government contracts include general and administrative costs as allowed by government cost accounting standards. The amounts remaining in inventory at September 30, 2013 and 2012 were $7.1 million and $5.4 million, respectively.