Accounts Receivable, Net

6 Months Ended

Jun. 28, 2019

Accounts Receivable, Net [Abstract]

Accounts Receivable, Net

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consists of the following:

	June 28, 2019			December 31, 2018
In thousands
Trade receivables	$	11,207		$	11,380
U.S. Government contracts:
Billed	21,152			38,173
Cost and accrued profit - not billed	563			780
Commercial and other government contracts
Billed	69,030			100,603
Cost and accrued profit - not billed	930			900
Less allowance for doubtful accounts	(2,083		)	(2,498		)
Accounts receivable, net(1)	$	100,799		$	149,338

⁽¹⁾ Accounts receivable, net attributable to the Distribution segment were included in assets held for sale, current portion on the Company's Condensed Consolidated Balance Sheets. See Note 4, Discontinued Operations, for further information on the Company's agreement to sell the Distribution segment.

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 U.S. Government ("USG").

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

	June 28, 2019		December 31, 2018
In thousands
Contract changes, negotiated settlements and claims for unanticipated contract costs	$	900	$	900