Costs and Estimated Earnings in Excess of Billings

9 Months Ended

Apr. 23, 2016

Contractors [Abstract]

Costs and Estimated Earnings in Excess of Billings

Costs and Estimated Earnings in Excess of Billings

Costs and estimated earnings in excess of billings (“CIEB”) include revenue for services from contracts based on units-of­delivery and cost-to-cost measures of the percentage of completion method of accounting. Amounts consisted of the following:

	April 23, 2016			July 25, 2015
	(Dollars in thousands)
Costs incurred on contracts in progress	$	308,196		$	240,077
Estimated to date earnings	89,180			72,446
Total costs and estimated earnings	397,376			312,523
Less: billings to date	(50,277		)	(54,689		)
	$	347,099		$	257,834
Included in the accompanying condensed consolidated balance sheets under the captions:
Costs and estimated earnings in excess of billings	$	358,236		$	274,730
Billings in excess of costs and estimated earnings	(11,137		)	(16,896		)
	$	347,099		$	257,834

As of April 23, 2016, 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 April 23, 2016 or July 25, 2015.