Accounts Receivable and Inventories (Tables)

9 Months Ended

Sep. 30, 2018

Accounts Receivable And Inventories

Schedule of accounts receivable

Accounts receivable consist of the following:

(In thousands)	September 30 2018			December 31 2017
Trade accounts receivable	$	308,278		$	292,765
Less: Allowance for doubtful accounts	(4,113		)	(4,731		)
Trade accounts receivable, net	$	304,165		$	288,034
Other receivables (a) (b)	$	55,156		$	20,224

(a) Other receivables include insurance claim receivables, employee receivables, tax claim receivables and other miscellaneous receivables not included in Trade accounts receivable, net.

Schedule of provision for doubtful accounts related to trade accounts receivable

The provision (benefit) for doubtful accounts related to trade accounts receivable was as follows:

	Three Months Ended					Nine Months Ended
	September 30					September 30
(In thousands)	2018			2017		2018			2017
Provision (benefit) for doubtful accounts related to trade accounts receivable	$	(26	)	$	4,087	$	(182	)	$	5,262

Schedule of inventories

Inventories consist of the following:

(In thousands)	September 30 2018		December 31 2017
Finished goods	$	19,957	$	26,415
Work-in-process	22,175		24,367
Contracts-in-process (c)	—		45,599
Raw materials and purchased parts	72,935		58,943
Stores and supplies	22,701		22,969
Total inventories	$	137,768	$	178,293

Schedule of contracts-in-process

Contracts-in-process consist of the following:

(In thousands)	December 31 2017
Contract costs accumulated to date	$	73,740
Estimated forward loss provisions for contracts-in-process (d)	(28,141		)
Contracts-in-process (c) (e)	$	45,599

(c) The Company has adopted the new revenue recognition standard utilizing the modified retrospective transition method, including use of practical expedients. Amounts previously reported as Contracts-in-progress have been recognized through the related cumulative catch-up adjustment. See Note 2, Recently Adopted and Recently Issued Accounting Standards for additional information.

(d) For periods prior to January 1, 2018, to the extent that the estimated forward loss provision exceeds accumulated contract costs it is included in the caption Other current liabilities on the Condensed Consolidated Balance Sheets and amounted to $3.0 million at December 31, 2017.

(e) At December 31, 2017, the Company had $97.9 million of net customer advances related to SBB contracts. These amounts are included in the caption Current portion of advances on contracts on the Condensed Consolidated Balance Sheets.