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Costs and Estimated Earnings in Excess of Billings
6 Months Ended
Jan. 28, 2017
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”) includes revenue for services performed under contracts using the units-of-delivery method of accounting and the cost-to-cost measure of the percentage of completion method of accounting. Amounts consisted of the following (dollars in thousands):
 
January 28, 2017
 
July 30, 2016
Costs incurred on contracts in progress
$
348,933

 
$
307,826

Estimated to date earnings
86,999

 
92,226

Total costs and estimated earnings
435,932

 
400,052

Less: billings to date
(56,888
)
 
(42,637
)
 
$
379,044

 
$
357,415

Included in the accompanying condensed consolidated balance sheets under the captions:
 

 
 

 Costs and estimated earnings in excess of billings
$
397,048

 
$
376,972

 Billings in excess of costs and estimated earnings
(18,004
)
 
(19,557
)
 
$
379,044

 
$
357,415



As of January 28, 2017, 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 28, 2017 or July 30, 2016.