Notes Three: RECEIVABLES

Receivables were as follows at November 30:

The Company's provision for bad debts was $2,502,000 in 2005, $1,991,000 in 2004, and $3,071,000 in 2003. Trade receivables included unbilled receivables related to the percentage-of-completion method of revenue recognition of $29,667,000 and $29,438,000 at November 30, 2005 and 2004, respectively.