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, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 21,791 $ 24,888
Contracts receivable, net 75,130 60,535
Contract retainage 95 1,298
Costs and estimated earnings in excess of billings on uncompleted contracts 71,789 26,317
Prepaid subcontractor costs 0 33,145
Prepaid expenses and other 3,616 4,457
Inventory 5,135 5,024
Deferred tax assets 7,400 13,039
Income tax receivable 4,040 4,901
Total current assets 188,996 173,604
Property, plant and equipment, net 222,970 229,216
Assets held for sale 13,527  
Other assets 683 675
Total assets 426,176 403,495
Current liabilities:    
Accounts payable 52,917 49,485
Billings in excess of costs and estimated earnings on uncompleted contracts 42,299 28,498
Accrued employee costs 7,818 5,340
Accrued expenses 4,298 5,161
Accrued contract losses 1,538 3,790
Total current liabilities 108,870 92,274
Deferred tax liabilities 37,483 37,721
Total liabilities 146,353 129,995
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, 14,464,664 issued and outstanding at September 30, 2013 and 14,452,660 at December 31, 2012, respectively 9,992 9,956
Additional paid-in capital 92,836 92,512
Retained earnings 176,995 171,032
Total shareholders' equity 279,823 273,500
Total liabilities and shareholders' equity $ 426,176 $ 403,495