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Brady Corp's quarterly construction in progress increased from Oct. 2013 ($15 Mil) to Jan. 2014 ($16 Mil) but then declined from Jan. 2014 ($16 Mil) to Apr. 2014 ($12 Mil).
Brady Corp's annual construction in progress declined from Jul. 2011 ($11 Mil) to Jul. 2012 ($10 Mil) but then increased from Jul. 2012 ($10 Mil) to Jul. 2013 ($12 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