ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2015

NOTE 5—ACCOUNTS RECEIVABLE

Accounts Receivable—Trade, Net

A summary of contract receivables is as follows:

	December 31, 2015			December 31, 2014
	(In thousands)
Contract receivables:
Contracts in progress	$	164,898		$	106,174
Completed contracts		35,702			34,698
Retainages		17,896			28,586
Unbilled		4,303			4,303
Less allowances		(14,325	)		(30,391	)
Accounts receivable—trade, net	$	208,474		$	143,370

We expect to invoice our unbilled receivables once certain milestones or other metrics are reached, and we expect to collect all unbilled amounts. We believe that our provision for losses on uncollectible accounts receivable is adequate for our credit loss exposure.

The following amounts represent retainages on contracts:

	December 31, 2015		December 31, 2014
	(In thousands)
Retainages expected to be collected within one year	$	17,896	$	28,586
Retainages expected to be collected after one year		155,061		137,468
Total retainages	$	172,957	$	166,054

We have included in Accounts receivable—trade, net, retainages expected to be collected in 2016. Retainages expected to be collected after one year are included in other assets. Of the long-term retainages at December 31, 2015, we expect to collect $145 million in 2017 and $10 million in 2018.

Accounts Receivable—Other

A summary of accounts receivable—other is as follows:

	December 31, 2015		December 31, 2014
	(In thousands)
Other taxes receivable	$	28,743	$	31,392
Receivables from unconsolidated affiliates		12,816		20,061
Accrued unbilled revenue		14,021		15,442
Intercompany unbilled cost		5,373		3,978
Employee receivables		4,376		4,336
Other		1,360		4,706
Accounts receivable—other	$	66,689	$	79,915

Employee receivables are expected to be collected within 12 months, and any allowance for doubtful accounts on our Accounts receivable—other is based on our estimate of the amount of probable losses due to the inability to collect these amounts (based on historical collection experience and other available information). As of December 31, 2015 and December 31, 2014, no such allowance for doubtful accounts was recorded.