RECEIVABLES

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

RECEIVABLES

4.RECEIVABLES

Receivables include amounts billed to customers, claims, other receivables, and unbilled charges on long-term contracts consisting of amounts recognized as sales but not billed. Substantially all amounts of unbilled receivables are expected to be billed and collected within one year.

The composition of receivables is as follows:

			(In thousands)
		March 31,		December 31,
		2013		2012
Billed receivables:
Trade and other receivables		$	411,305	$	402,891
	Less: Allowance for doubtful accounts		(6,905)		(7,013)
Net billed receivables			404,400		395,878
Unbilled receivables:
Recoverable costs and estimated earnings not billed			208,575		207,679
	Less: Progress payments applied		(19,743)		(25,244)
Net unbilled receivables			188,832		182,435
Receivables, net		$	593,232	$	578,313