Receivables (Notes)

12 Months Ended

Dec. 31, 2013

Receivables [Abstract]

Receivables [Text Block]

Receivables

We deliver a broad array of information technology and technical services solutions under contracts with the U.S. government, state and local governments and commercial customers. The components of contract receivables are as follows (in thousands):

	December 31,
	2013			2012
Billed receivables	$	370,975		$	420,598
Unbilled receivables:
Amounts billable	84,582			119,893
Revenues recorded in excess of funding	9,743			11,148
Retainage	2,634			6,119
Allowance for doubtful accounts	(10,036		)	(9,449		)
Receivables-net	$	457,898		$	548,309

Amounts billable consist principally of amounts to be billed within the next month. Revenues recorded in excess of funding are billable upon receipt of contractual amendments or other modifications. Revenues recorded in excess of milestone billings on fixed price contracts consist of amounts not expected to be billed within the next month. The retainage is billable upon completion of the contract performance and approval of final indirect expense rates by the government. There is a contract with the U.S. Army that represents 15.3% of receivables-net at December 31, 2013 and multiple contracts with the U.S. Army that represent 28.0% of receivables-net at December 31, 2012. Accounts receivable at December 31, 2013 are expected to be substantially collected within one year except for approximately $1.5 million, of which 91.2% is related to receivables from sales to the U.S. government. The remainder is related to receivables from contracts in which we acted as a subcontractor to other contractors.

The Company does not believe it has significant exposure to credit risk as accounts receivable and the related unbilled amounts are primarily due from the U.S. government. The allowance for doubtful accounts represents our estimate for exposure to compliance, contractual issues and bad debts related to prime contractors.