Contract Receivables and Billings in Excess of Revenue Recognized

3 Months Ended

Mar. 31, 2017

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Note 2.

Contract Receivables and Billings in Excess of Revenue Recognized

At March 31, 2017 and December 31, 2016, contract receivables consist of the following (in thousands):


	March 31, 2017		December 31, 2016


Billed accounts receivable	$	18,499	$	21,588
Unbilled accounts receivable		9,625		7,262
		28,124		28,850
Less: allowance for doubtful accounts		(66)		(66)
	$	28,058	$	28,784

Billings in excess of revenue recognized as of March 31, 2017 and December 31, 2016, are comprised primarily of billings from firm fixed-price contacts, where revenue is recognized in accordance with the proportional performance method.

- 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 + Details

STG Group, Inc. 10-Q