Accounts Receivable, Net

3 Months Ended

Mar. 29, 2019

Accounts Receivable, Net [Abstract]

Accounts Receivable, Net

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:

	March 29, 2019			December 31, 2018
In thousands
Trade receivables	$	181,210		$	164,752
U.S. Government contracts:
Billed	13,587			38,173
Cost and accrued profit - not billed	653			780
Commercial and other government contracts
Billed	67,518			100,603
Cost and accrued profit - not billed	926			900
Less allowance for doubtful accounts	(3,433		)	(4,114		)
Accounts receivable, net	$	260,461		$	301,094

The decrease in commercial and other government contracts - billed was primarily due to the receipts of payments related to the K-MAX® program, a JPF direct commercial sales ("DCS") contract and the Company's bearings products. The decrease in U.S. Government contracts - billed was primarily due to the receipt of payments under the Company's JPF program with the USG. These decreases were partially offset by an increase in trade receivables in the bearings and power transmission product line at the Distribution segment.

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

	March 29, 2019		December 31, 2018
In thousands
Contract changes, negotiated settlements and claims for unanticipated contract costs	$	900	$	900