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Brady Corp's quarterly construction in progress declined from Oct. 2015 ($3 Mil) to Jan. 2016 ($3 Mil) and declined from Jan. 2016 ($3 Mil) to Apr. 2016 ($2 Mil).
Brady Corp's annual construction in progress increased from Jul. 2013 ($12 Mil) to Jul. 2014 ($13 Mil) but then declined from Jul. 2014 ($13 Mil) to Jul. 2015 ($2 Mil).
It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.
Brady Corp Annual Data
Brady Corp Quarterly Data