Contract Receivables

9 Months Ended

Sep. 30, 2017

Receivables [Abstract]

Contract Receivables

NOTE 2 – CONTRACT RECEIVABLES

Contract receivables consisted of the following: 

	September 30, 2017			December 31, 2016
Billed	$	164,047		$	170,436
Unbilled		127,620			113,520
Allowance for doubtful accounts		(3,607	)		(2,591	)
Contract receivables, net	$	288,060		$	281,365

Contract receivables, net of the established allowance for doubtful accounts, are stated at amounts expected to be realized in future periods. Unbilled receivables result from revenue earned in advance of billing and which can be invoiced at contractually defined intervals or milestones, as well as upon completion of the contract or government audits. The Company anticipates that the majority of unbilled receivables will be substantially billed and collected within one year.

The Company considers a number of factors in its estimate of allowance for doubtful accounts, including the customer’s financial condition, historical collection experience, and other factors that may bear on collectability of the receivables. The Company writes off contract receivables when such amounts are determined to be uncollectible.