Costs and Estimated Earnings in Excess of Billings

12 Months Ended

Jul. 25, 2015

Costs and Estimated Earnings in Excess of Billings

Costs and estimated earnings in excess of billings ("CIEB") 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. Amounts consisted of the following:



	July 25, 2015			July 26, 2014
	(Dollars in thousands)
Costs incurred on contracts in progress	$	240,077		$	234,766
Estimated to date earnings	72,446			57,335
Total costs and estimated earnings	312,523			292,101
Less: billings to date	(54,689		)	(75,414		)
	$	257,834		$	216,687
Included in the accompanying consolidated balance sheets under the captions:
Costs and estimated earnings in excess of billings	$	274,730		$	230,569
Billings in excess of costs and estimated earnings	(16,896		)	(13,882		)
	$	257,834		$	216,687

As of July 25, 2015, 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 July 25, 2015 or July 26, 2014.