Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

 v2.3.0.11
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 32,073 $ 88,072
Contracts receivable, net 86,254 13,042
Contract retainage 2,827 11,000
Costs and estimated earnings in excess of billings on uncompleted contracts 16,252 6,513
Prepaid expenses 3,075 3,674
Inventory 5,692 4,265
Deferred tax assets 7,859 1,301
Income tax receivable 1,283 2,755
Total current assets 155,315 130,622
Property, plant and equipment, net 208,132 197,652
Long-term contracts receivable, net 4,218  
Other receivables   5,907
Other assets 673 675
Total assets 368,338 334,856
Current liabilities:    
Accounts payable 20,000 5,262
Billings in excess of costs and estimated earnings on uncompleted contracts 30,544 7,215
Accrued employee costs 3,936 4,506
Accrued expenses 2,667 1,528
Total current liabilities 57,147 18,511
Deferred tax liabilities 30,431 29,153
Total liabilities 87,578 47,664
Shareholders' equity:    
Preferred stock, no par value, 5,000,000 shares authorized, no shares issued and outstanding    
Common stock, no par value, 20,000,000 shares authorized, 14,348,841 and 14,340,971 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively 9,889 9,846
Additional paid-in capital 91,508 91,112
Retained earnings 179,363 186,234
Total shareholders' equity 280,760 287,192
Total liabilities and shareholders' equity $ 368,338 $ 334,856