Kaman

AR 13

Financials

Part II

Financials/Financial Statements and Supplementary Data/Notes to Consolidated Financial Statements – Note 5

For the Years Ended December 31, 2013, 2012 and 2011

5. ACCOUNTS RECEIVABLE, NET

Accounts receivable consist of the following:

At December 31,
In thousands 2013 2012
Trade receivables $ 125,092 $ 117,426
U.S. Government contracts:
Billed 14,364 18,261
Costs and accrued profit – not billed 6,340 2,568
Commercial and other government contracts:
Billed 63,051 45,547
Costs and accrued profit – not billed 853 144
Less allowance for doubtful accounts (3,827) (3,148)
Total $ 205,873 $ 180,798

Accounts receivable, net includes amounts for matters such as contract changes, negotiated settlements and claims for unanticipated contract costs. These amounts are as follows:

At December 31,
In thousands 2013 2012
Contract changes, negotiated settlements and claims for unanticipated contract costs $ 1,021 $ 397
Total $ 1,021 $ 397