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This excerpt taken from the TTEK 10-K filed Dec 28, 2006. Concentration
of Credit Risk—Financial instruments, which
subject the Company to credit risk, consist primarily of cash and cash
equivalents and net accounts receivable. The Company places its temporary cash
investments with high credit quality financial institutions and, by policy,
limits the amount of investment exposure to any one financial institution. Approximately
36% and 32% of accounts receivable was due from various agencies of the federal
government as of October 1, 2006 and October 2, 2005, respectively. The
remaining accounts receivable are generally diversified due to the large number
of organizations comprising the Company’s client base and their geographic
dispersion. The Company performs ongoing credit evaluations of its clients and
maintains an allowance for potential credit losses.
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