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Receivables | 3 Months Ended
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Apr. 01, 2022
Receivables [Abstract] |
Receivables | RECEIVABLES Receivables were comprised of the following:
(In thousands) |  | April 1, 2022 |  | December 31, 2021
Billed receivables |  | $ | 136,287 |  |  | $ | 104,074 |
Unbilled receivables (contract assets) |  | 235,341 |  |  | 239,979 |
Other |  | 5,943 |  |  | 4,552 |
Total receivables |  | $ | 377,571 |  |  | $ | 348,605 |
As of April 1, 2022 and December 31, 2021, substantially all billed receivables are due from the U.S. government, either directly as prime contractor to the U.S. government or as subcontractor to another prime contractor to the U.S. government. Because the Company's billed receivables are with the U.S. government, the Company does not believe it has a material credit risk exposure. Unbilled receivables are contract assets that represent revenue recognized on long-term contracts in excess of amounts billed as of the balance sheet date. We expect to bill customers for the majority of the April 1, 2022 contract assets during 2022. C hanges in the balance of receivables are primarily due to the timing differences between our performance and customers' payments.

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- Definition The entire disclosure for claims held for amounts due a 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 -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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- References No definition available. + Details
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