XML 25 R11.htm IDEA: XBRL DOCUMENT v3.4.0.3
Receivables
6 Months Ended
Apr. 01, 2016
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract]  
Receivables

Receivables

The following table presents the components of receivables appearing in the accompanying Consolidated Balance Sheets at April 1, 2016 and October 2,  2015 as well as certain other related information (in thousands):

 

 

 

April 1,

2016

 

 

October 2,

2015

 

Components of receivables:

 

 

 

 

 

 

 

 

Amounts billed

 

$

1,170,483

 

 

$

1,213,892

 

Unbilled receivables and other

 

 

1,159,548

 

 

 

1,252,509

 

Retentions receivable

 

 

85,061

 

 

 

82,342

 

Total receivables, net

 

$

2,415,092

 

 

$

2,548,743

 

Other information about receivables:

 

 

 

 

 

 

 

 

Amounts due from the United States federal

   government, included above, net of advanced

   billings

 

$

284,833

 

 

$

327,157

 

Claims receivable

 

$

9,291

 

 

$

32,511

 

 

Billed receivables consist of amounts invoiced to clients in accordance with the terms of our client contracts and are shown net of an allowance for doubtful accounts. We anticipate that substantially all of such billed amounts will be collected over the next twelve months.

Unbilled receivables and retentions receivable represent reimbursable costs and amounts earned and reimbursable under contracts in progress as of the respective balance sheet dates. Such amounts become billable according to the contract terms, which usually consider the passage of time, achievement of certain milestones, or completion of the project. We anticipate that substantially all of such unbilled amounts will be billed and collected over the next twelve months.

Claims receivable are included in receivables in the accompanying Consolidated Balance Sheets and represent certain costs incurred on contracts to the extent it is probable that such claims will result in additional contract revenue and the amount of such additional revenue can be reliably estimated.