Accounts Receivable, Net

12 Months Ended

Dec. 31, 2017

Accounts Receivable, Net [Abstract]

Accounts Receivable, Net

ACCOUNTS RECEIVABLE, NET

Accounts receivable consist of the following:

	At December 31,
	2017			2016
In thousands
Trade receivables	$	152,078		$	143,471
U.S.  Government contracts:
Billed	26,093			17,244
Costs and accrued profit – not billed	862			1,478
Commercial and other government contracts:
Billed	107,962			50,560
Costs and accrued profit – not billed	30,590			22,234
Less allowance for doubtful accounts	(4,134		)	(4,123		)
Total	$	313,451		$	230,864

3. ACCOUNTS RECEIVABLE, NET (CONTINUED)

The increase in commercial and other government contracts billed is primarily related to receivables due under a JPF DCS program, secured by a letter of credit from our customer.

Additionally, $3.7 million of unbilled receivables and accrued profit for the K-MAX® program were included in Other assets on the Company's Consolidated Balance Sheet as of December 31, 2016, as the amounts due were expected to be collected more than one year after the balance sheet date. At December 31, 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:

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