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, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 23,178 $ 36,569
Contracts receivable, net 92,504 98,579
Contract retainage 111 111
Costs and estimated earnings in excess of billings on uncompleted contracts 20,692 24,727
Prepaid expenses and other 3,586 4,862
Inventory 11,195 11,329
Deferred tax assets 6,885 9,927
Income tax receivable 1,448 1,365
Assets held for sale 13,527 14,527
Total current assets 173,126 201,996
Property, plant and equipment, net 234,660 223,555
Other assets 673 683
Total assets 408,459 426,234
Current liabilities:    
Accounts payable 54,585 66,054
Billings in excess of costs and estimated earnings on uncompleted contracts 28,617 35,006
Accrued employee costs 6,574 7,516
Accrued expenses 3,588 3,699
Total current liabilities 93,364 112,275
Deferred tax liabilities 37,179 38,397
Total liabilities 130,543 150,672
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, 14,497,908 issued and outstanding at March 31, 2014 and 14,493,748 at December 31, 2013, respectively 10,040 10,012
Additional paid-in capital 93,382 93,125
Retained earnings 174,494 172,425
Total shareholders' equity 277,916 275,562
Total liabilities and shareholders' equity $ 408,459 $ 426,234