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
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 29,718 $ 24,888
Contracts receivable, net 73,196 60,535
Contract retainage 1,478 1,298
Costs and estimated earnings in excess of billings on uncompleted contracts 36,882 26,317
Prepaid subcontractor costs 34,972 33,145
Prepaid expenses and other 4,721 4,457
Inventory 5,134 5,024
Deferred tax assets 7,488 13,039
Income tax receivable 4,731 4,901
Total current assets 198,320 173,604
Property, plant and equipment, net 224,251 229,216
Assets held for sale 13,527  
Other assets 681 675
Total assets 436,779 403,495
Current liabilities:    
Accounts payable 67,900 49,485
Billings in excess of costs and estimated earnings on uncompleted contracts 39,973 28,498
Accrued employee costs 7,569 5,340
Accrued expenses 4,403 5,161
Accrued contract losses 2,508 3,790
Total current liabilities 122,353 92,274
Deferred tax liabilities 36,493 37,721
Total liabilities 158,846 129,995
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, 14,457,593 issued and outstanding at June 30, 2013 and 14,452,660 at December 31, 2012, respectively 9,985 9,956
Additional paid-in capital 92,769 92,512
Retained earnings 175,179 171,032
Total shareholders' equity 277,933 273,500
Total liabilities and shareholders' equity $ 436,779 $ 403,495