Accounts Receivable

3 Months Ended

Oct. 25, 2014

Receivables [Abstract]

Accounts Receivable

Accounts Receivable

Accounts receivable consists of the following:

	October 25, 2014			July 26, 2014
	(Dollars in thousands)
Contract billings	$	279,204		$	258,254
Retainage and other receivables	18,458			15,323
Total	297,662			273,577
Less: allowance for doubtful accounts	(830		)	(836		)
Accounts receivable, net	$	296,832		$	272,741

The Company grants credit under normal payment terms, generally without collateral, to its customers. The Company expects to collect the outstanding balance of accounts receivable, net, including retainage and amounts on which we have filed construction liens, within the next twelve months. Except as described below, there were no material accounts receivable amounts representing claims or other similar items subject to uncertainty as of October 25, 2014 or July 26, 2014.

With respect to certain accounts receivable balances, the Company has statutory lien rights that may assist in its collection efforts. As of October 25, 2014, the Company's accounts receivable include approximately $20.1 million for past due balances from a customer on a rural project funded primarily by the Rural Utilities Service agency of the United States Department of Agriculture (the “RUS”) under the American Recovery and Reinvestment Act of 2009. The loan made by the RUS is secured by certain assets of the customer. The Company has stopped work on the project. The Company has filed construction liens with respect to work on the project representing approximately $17.7 million of the accounts receivable balance. In addition, other creditors have also filed construction liens against the customer. In July 2014, the Company was included in an action taken by another creditor that has filed a construction lien on one parcel of property owned by the customer to foreclose the lien on that parcel. In the event the customer does not pay the balances owed, the amount the Company collects through the enforcement of its liens or other actions will depend on the value realized on the assets underlying the liens as well as the amount owed to, and priority of, other creditors.

The Company maintains an allowance for doubtful accounts for estimated losses resulting from the failure of its customers to make required payments. During the three months ended October 25, 2014 and October 26, 2013, write-offs to the allowance for doubtful accounts, net of recoveries, were not material.