Costs and Estimated Earnings in Excess of Billings

3 Months Ended

Oct. 26, 2013

Contractors [Abstract]

Costs and Estimated Earnings on Contracts in Excess of Billings

Costs and Estimated Earnings in Excess of Billings

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

	October 26, 2013			July 27, 2013
	(Dollars in thousands)
Costs incurred on contracts in progress	$	220,475		$	208,250
Estimated to date earnings	53,473			49,150
Total costs and estimated earnings	273,948			257,400
Less: billings to date	(66,185		)	(66,839		)
	$	207,763		$	190,561
Included in the accompanying condensed consolidated balance sheets under the captions:
Costs and estimated earnings in excess of billings	$	221,110		$	204,349
Billings in excess of costs and estimated earnings	(13,347		)	(13,788		)
	$	207,763		$	190,561

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.