Costs and Estimated Earnings on Contracts in Excess of Billings

6 Months Ended

Jan. 28, 2012

Costs and Estimated Earnings on Contracts in Excess of Billings [Abstract]

Costs and Estimated Earnings on Contracts in Excess of Billings

5. Costs and Estimated Earnings on Contracts in Excess of Billings

Costs and estimated earnings in excess of billings, net, consists of the following:

	January 28, 2012			July 30, 2011
	(Dollars in thousands)
Costs incurred on contracts in progress	$	68,382		$	71,685
Estimated to date earnings		15,111			19,170
Total costs and estimated earnings		83,493			90,855
Less: billings to date		(1,307	)		(749	)
	$	82,186		$	90,106
Included in the accompanying consolidated balance sheets under the captions:
Costs and estimated earnings in excess of billings	$	83,493		$	90,855
Billings in excess of costs and estimated earnings		(1,307	)		(749	)
	$	82,186		$	90,106

The above amounts include revenue for services from contracts based both on the units-of-delivery and the cost-to-cost measures of the percentage of completion method.