Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 26,366 $ 55,287
Contracts receivable, net 91,748 72,474
Contract retainage 1,144 4,313
Costs and estimated earnings in excess of billings on uncompleted contracts 16,752 12,982
Prepaid expenses and other 31,354 13,075
Inventory 5,331 6,278
Deferred tax assets 7,454 10,157
Income tax receivable 4,817 3,347
Total current assets 184,966 177,913
Property, plant and equipment, net 226,155 216,722
Long-term contracts receivable, net 663 625
Other assets 674 675
Total assets 412,458 395,935
Current liabilities:    
Accounts payable 58,924 20,502
Billings in excess of costs and estimated earnings on uncompleted contracts 13,881 49,363
Accrued employee costs 7,023 3,512
Accrued expenses 4,312 2,610
Accrued contract losses 9,484  
Total current liabilities 93,624 75,987
Deferred tax liabilities 36,167 37,149
Total liabilities 129,791 113,136
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, 14,412,003 issued and outstanding at September 30, 2012 and 14,376,443 at December 31, 2011, respectively 9,944 9,921
Additional paid-in capital 92,147 91,933
Retained earnings 180,576 180,945
Total shareholders' equity 282,667 282,799
Total liabilities and shareholders' equity $ 412,458 $ 395,935