Annual report pursuant to Section 13 and 15(d)

Receivables

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Receivables
12 Months Ended
Dec. 31, 2013
Receivables [Abstract]  
Receivables
(2)  Receivables

The components of receivables as of December 31, 2013 and 2012 were as follows (in thousands):

 
 
2013
   
2012
 
Billed
 
$
36,703
   
$
41,078
 
Unbilled (principally December work billed in January)
   
41,684
     
49,543
 
   Total receivables, net
 
$
78,387
   
$
90,621
 

The unbilled balance includes certain costs for work performed at risk but which we believe will be funded by the government totaling approximately $5 million and $7.1 million as of December 31, 2013, and 2012, respectively. We expect to invoice substantially all unbilled receivables during 2014.