XML 36 R9.htm IDEA: XBRL DOCUMENT v3.3.0.814
Advanced Technology Costs and Other Income
9 Months Ended
Sep. 30, 2015
Research and Development [Abstract]  
Advanced Technology Costs and Other Income
ADVANCED TECHNOLOGY COSTS AND OTHER INCOME

From June 2012 through April 2014, the Company performed work under the June 2012 cooperative agreement with DOE (the “Cooperative Agreement”) for the American Centrifuge technology with DOE providing cost-share funding for up to 80% for a total government cost share of $280 million. The Cooperative Agreement expired in accordance with its terms on April 30, 2014. For the three and nine months ended September 30, 2014, advanced technology costs included costs for work performed under the Cooperative Agreement and DOE’s cost share was recognized as other income.

On May 1, 2014, the Company signed an agreement for continued research, development and demonstration of the American Centrifuge technology in furtherance of DOE’s national security objectives (the “American Centrifuge Technology Demonstration and Operations Agreement”, or “ACTDO Agreement”) with UT-Battelle, LLC (“UT-Battelle”), the management and operating contractor for ORNL. Revenue and cost of sales for work that Centrus performed under the fixed-price ACTDO Agreement as a subcontractor to UT-Battelle are reported in the contract services segment. Refer to Note 13, Commitments and Contingencies - American Centrifuge, regarding the status of project funding after September 2015.

American Centrifuge costs incurred by the Company that are outside of the ACTDO Agreement are included in advanced technology costs, including certain demobilization and maintenance costs. Such costs totaled $1.9 million in the three months and $7.7 million in the nine months ended September 30, 2015, and $5.3 million in the three months and $12.3 million in the nine months ended September 30, 2014.