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
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 12,254 $ 24,888
Contracts receivable, net 134,191 60,535
Contract retainage 1,467 1,298
Costs and estimated earnings in excess of billings on uncompleted contracts 24,867 26,317
Prepaid subcontractor costs 31,837 33,145
Prepaid expenses and other 3,614 4,457
Inventory 5,120 5,024
Deferred tax assets 11,247 13,039
Income tax receivable 4,796 4,901
Total current assets 229,393 173,604
Property, plant and equipment, net 227,296 229,216
Other assets 675 675
Total assets 457,364 403,495
Current liabilities:    
Accounts payable 83,351 49,485
Billings in excess of costs and estimated earnings on uncompleted contracts 39,419 28,498
Accrued employee costs 5,727 5,340
Accrued expenses 4,165 5,161
Accrued contract losses 1,820 3,790
Total current liabilities 134,482 92,274
Deferred tax liabilities 37,912 37,721
Notes payable, revolver 10,000  
Total liabilities 182,394 129,995
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, 14,456,522 issued and outstanding at March 31, 2013 and 14,452,660 at December 31, 2012, respectively 9,971 9,956
Additional paid-in capital 92,640 92,512
Retained earnings 172,359 171,032
Total shareholders' equity 274,970 273,500
Total liabilities and shareholders' equity $ 457,364 $ 403,495