RECEIVABLES

9 Months Ended

Sep. 30, 2013

Receivables [Abstract]

RECEIVABLES

RECEIVABLES

Receivables primarily include amounts billed to customers, unbilled charges on long-term contracts consisting of amounts recognized as sales but not billed, and other receivables.  Substantially all amounts of unbilled receivables are expected to be billed and collected within one year. An immaterial amount of unbilled receivables are subject to retainage provisions. The amount of claims and unapproved change orders within our receivables balances are immaterial.

The composition of receivables is as follows:

	(In thousands)
	September 30, 2013			December 31, 2012
Billed receivables:
Trade and other receivables	$	400,230		$	402,891
Less: Allowance for doubtful accounts	(6,979		)	(7,013		)
Net billed receivables	393,251			395,878
Unbilled receivables:
Recoverable costs and estimated earnings not billed	195,385			207,679
Less: Progress payments applied	(21,377		)	(25,244		)
Net unbilled receivables	174,008			182,435
Receivables, net	$	567,259		$	578,313