Costs and Estimated Earnings in Excess of Billings

6 Months Ended

Jan. 25, 2014

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 ("CIEB") includes revenue for services from contracts based both on the units-of-delivery and the cost-to-cost measures of the percentage of completion method and consists of the following:

	January 25, 2014			July 27, 2013
	(Dollars in thousands)
Costs incurred on contracts in progress	$	198,485		$	208,250
Estimated to date earnings	44,394			49,150
Total costs and estimated earnings	242,879			257,400
Less: billings to date	(82,610		)	(66,839		)
	$	160,269		$	190,561
Included in the accompanying condensed consolidated balance sheets under the captions:
Costs and estimated earnings in excess of billings	$	174,138		$	204,349
Billings in excess of costs and estimated earnings	(13,869		)	(13,788		)
	$	160,269		$	190,561

As of January 25, 2014, the Company expects that substantially all of its CIEB will be billed to customers and collected in the normal course of business within the next twelve months. Additionally, there were no material CIEB amounts representing claims or other similar items subject to uncertainty as of January 25, 2014 or July 27, 2013.