Accounts Receivable, Net

9 Months Ended

Sep. 29, 2017

Accounts Receivable, Net [Abstract]

Accounts Receivable, Net

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:

	September 29, 2017			December 31, 2016
In thousands
Trade receivables	$	151,946		$	143,471
U.S. Government contracts:
Billed	13,762			17,244
Costs and accrued profit – not billed	1,381			1,478
Commercial and other government contracts:
Billed	84,519			50,560
Costs and accrued profit – not billed	32,992			22,234
Less allowance for doubtful accounts	(4,160		)	(4,123		)
Accounts receivable, net	$	280,440		$	230,864

The increase in commercial and other governments contracts billed was primarily related to receivables under the JPF program.

At December 31, 2016, $3.7 million of unbilled receivables and accrued profit for the K-MAX® program were included in other assets on the Company's Condensed Consolidated Balance Sheet, as the amounts due were expected to be collected more than one year after the balance sheet date. At September 29, 2017, all receivables for the K-MAX® program were included in accounts receivable, net, as the amounts due are expected to be collected within one year of the balance sheet date.

Accounts receivable, net includes amounts for matters such as contract changes, negotiated settlements and claims for unanticipated contract costs. These amounts are as follows:

	September 29, 2017		December 31, 2016
In thousands
Contract changes, negotiated settlements and claims for unanticipated contract costs	$	900	$	900