XML 60 R12.htm IDEA: XBRL DOCUMENT v2.4.1.9
Costs and Estimated Earnings in Excess of Billings
9 Months Ended
Apr. 25, 2015
Contractors [Abstract]  
Costs and Estimated Earnings in Excess of Billings
Costs and Estimated Earnings in Excess of Billings
 
Costs and estimated earnings in excess of billings ("CIEB") includes revenue for services from contracts based both on the units-of-delivery and the cost-to-cost measures of the percentage of completion method. Amounts consisted of the following:
 
April 25,
2015
 
July 26,
2014
 
(Dollars in thousands)
Costs incurred on contracts in progress
$
228,683

 
$
234,766

Estimated to date earnings
65,324

 
57,335

Total costs and estimated earnings
294,007

 
292,101

Less: billings to date
(60,299
)
 
(75,414
)
 
$
233,708

 
$
216,687

Included in the accompanying condensed consolidated balance sheets under the captions:
 

 
 

Costs and estimated earnings in excess of billings
$
247,979

 
$
230,569

Billings in excess of costs and estimated earnings
(14,271
)
 
(13,882
)
 
$
233,708

 
$
216,687



As of April 25, 2015, the Company expects that substantially all of its CIEB will be billed to customers and collected in the normal course of business within the next twelve months. Additionally, there were no material CIEB amounts representing claims or other similar items subject to uncertainty as of April 25, 2015 or July 26, 2014.