Note 8 - Receivables, Net

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Financing Receivables [Text Block]

8.  Receivables, net 

Receivables include billed and unbilled amounts for services provided to clients for which we have an unconditional right to payment as of the end of the applicable period and do not bear interest. The following table presents major categories of receivables:

(in thousands)		September 30, 2021		December 31, 2020		September 30, 2020
Contracts completed and in progress:
Billed	$	278,313	$	293,376	$	355,293
Unbilled		217,534		148,159		167,311
Total contracts completed and in progress		495,847		441,535		522,604
Material sales		80,357		49,991		70,918
Other		110,302		52,736		71,691
Total gross receivables		686,506		544,262		665,213
Less: allowance for credit losses		1,684		3,450		3,265
Total net receivables	$	684,822	$	540,812	$	661,948

Included in other receivables at  September 30, 2021, December 31, 2020 and September 30, 2020, were items such as estimated recovery from insurance receivable, notes receivable and income tax refunds. Other than the $63.0 million insurance receivable related to the settlement discussed in Note 16 included in the September 30, 2021 balance, no other receivables individually exceeded 5% of total net receivables at any of these dates.