RECEIVABLES

6 Months Ended

Jun. 30, 2013

Receivables [Abstract]

RECEIVABLES

RECEIVABLES

Receivables include amounts billed to customers, claims, other receivables, and unbilled charges on long-term contracts consisting of amounts recognized as sales but not billed.  Substantially all amounts of unbilled receivables are expected to be billed and collected within one year.

The composition of receivables is as follows:

	(In thousands)
	June 30, 2013			December 31, 2012
Billed receivables:
Trade and other receivables	$	420,510		$	402,891
Less: Allowance for doubtful accounts	(7,501		)	(7,013		)
Net billed receivables	413,009			395,878
Unbilled receivables:
Recoverable costs and estimated earnings not billed	185,142			207,679
Less: Progress payments applied	(17,891		)	(25,244		)
Net unbilled receivables	167,251			182,435
Receivables, net	$	580,260		$	578,313