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RECEIVABLES | 9 Months Ended
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Sep. 30, 2024
Receivables [Abstract] |
RECEIVABLES | RECEIVABLES Receivables primarily include amounts billed to customers, unbilled charges on long-term contracts consisting of amounts recognized as sales but not billed, and other receivables. Substantially all amounts of unbilled receivables are expected to be billed and collected within one year. An immaterial amount of unbilled receivables are subject to retainage provisions. The amount of claims and unapproved change orders within our receivables balances are immaterial. The composition of receivables is as follows:
(In thousands) | September 30, 2024 |  | December 31, 2023
Billed receivables: |  |  |
Trade and other receivables | $ | 510,175 |  |  | $ | 427,830 |
Unbilled receivables (contract assets): |  |  |
Recoverable costs and estimated earnings not billed | 352,500 |  |  | 309,561 |
Less: Progress payments applied | — |  |  | (687) |
Net unbilled receivables | 352,500 |  |  | 308,874 |
Less: Allowance for doubtful accounts | (5,061) |  |  | (4,026) |
Receivables, net | $ | 857,614 |  |  | $ | 732,678 |

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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- References No definition available. + Details
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