Certain Balance Sheet Components



Accounts receivable, net	September 30, 2015		December 31, 2014
	(in thousands)
Trade receivables (net of allowance of $4,959 and $6,195)	$	298,895	$	312,302
Unbilled receivables	41,528		36,087
Total accounts receivable, net	$	340,423	$	348,389

At September 30, 2015 and December 31, 2014, $4.5 million and $4.7 million, respectively, were recorded within trade receivables as billed but not yet paid by customers, in accordance with contract retainage provisions. At September 30, 2015 and December 31, 2014, contract retainage amounts that were unbilled and classified as unbilled receivables were $4.7 million and $4.0 million, respectively. These contract retainage amounts within trade receivables and unbilled receivables are expected to be collected within the following 12 months.

At September 30, 2015 and December 31, 2014, long-term unbilled receivables totaled $3.8 million and $4.3 million, respectively. These long-term unbilled receivables are classified within other long-term assets, as collection is not anticipated within the following 12 months. We had no long-term billed contract retainage receivables at September 30, 2015 and December 31, 2014.



Allowance for doubtful accounts activity	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(in thousands)
Beginning balance	$	5,422		$	7,355		$	6,195		$	8,368
Provision (release) for doubtful accounts, net	(141		)	(356		)	(111		)	(545		)
Accounts written-off	(162		)	(233		)	(503		)	(1,023		)
Effect of change in exchange rates	(160		)	(242		)	(622		)	(276		)
Ending balance	$	4,959		$	6,524		$	4,959		$	6,524



Inventories	September 30, 2015		December 31, 2014
	(in thousands)
Materials	$	123,730	$	90,557
Work in process	10,193		8,991
Finished goods	80,314		54,956
Total inventories	$	214,237	$	154,504

Our inventory levels may vary from period to period as a result of our factory scheduling and the timing of contract fulfillments, which may include the buildup of materials in preparation for customer orders or finished goods for shipment.

Consigned inventory is held at third party locations; however, we retain title to the inventory until it is purchased by the third party. Consigned inventory, consisting of raw materials and finished goods, was $3.0 million and $2.5 million at September 30, 2015 and December 31, 2014, respectively.



Property, plant, and equipment, net	September 30, 2015			December 31, 2014
	(in thousands)
Machinery and equipment	$	278,609		$	287,448
Computers and software	107,328			100,212
Buildings, furniture, and improvements	130,009			134,461
Land	20,758			21,186
Construction in progress, including purchased equipment	24,784			21,007
Total cost	561,488			564,314
Accumulated depreciation	(371,193		)	(356,525		)
Property, plant, and equipment, net	$	190,295		$	207,789

Assets of our international subsidiaries are recorded in their respective functional currency; therefore, the carrying amounts of these assets increase or decrease, with a corresponding change in accumulated OCI, due to changes in foreign currency exchange rates. In addition, depreciation expense is impacted by the fluctuations in foreign exchange rates.



Depreciation expense	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
	(in thousands)
Depreciation expense	$	11,885	$	13,691	$	34,784	$	42,118