Receivables

12 Months Ended

Oct. 01, 2011

Receivables [Abstract]

Receivables

Note 3 - Receivables

Receivables consist of:

	October 1, 2011			October 2, 2010
Accounts receivable	$	338,381		$	311,966
Long-term contract receivables:
Amounts billed		94,420			95,465
Unbilled recoverable costs and accrued profits		216,667			203,373
Total long-term contract receivables		311,087			298,838
Other		11,055			13,870
Total receivables		660,523			624,674
Less allowance for doubtful accounts		(4,718	)		(4,813	)
Receivables	$	655,805		$	619,861

Long-term contract receivables are primarily associated with prime contractors and subcontractors in connection with U.S. Government contracts, commercial aircraft and satellite manufacturers. Amounts billed under long-term contracts to the U.S. Government were $12,237 at October 1, 2011 and $18,179 at October 2, 2010. Unbilled recoverable costs and accrued profits under long-term contracts to be billed to the U.S. Government were $6,861 at October 1, 2011 and $7,638 at October 2, 2010. Unbilled recoverable costs and accrued profits principally represent revenues recognized on contracts that were not billable on the balance sheet date. These amounts will be billed in accordance with contract terms, generally as certain milestones are reached or upon shipment. Approximately three-quarters of unbilled amounts are expected to be collected within one year. In situations where billings exceed revenues recognized, the excess is included in customer advances.

There are no material amounts of claims or unapproved change orders included in the balance sheet. Balances billed but not paid by customers under retainage provisions are not material.

Concentrations of credit risk on receivables are limited to those from significant customers who are believed to be financially sound. Receivables from Boeing were $117,072 at October 1, 2011 and $122,345 at October 2, 2010. We perform periodic credit evaluations of our customers' financial condition and generally do not require collateral.