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, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 31,367 $ 36,569
Contracts receivable, net 64,476 98,579
Contract retainage 117 111
Costs and estimated earnings in excess of billings on uncompleted contracts 17,564 24,727
Prepaid expenses and other 4,116 4,862
Inventory 10,787 11,329
Deferred tax assets 3,695 9,927
Income tax receivable 1,559 1,365
Assets held for sale 13,527 14,527
Total current assets 147,208 201,996
Property, plant and equipment, net 231,930 223,555
Other assets 676 683
Total assets 379,814 426,234
Current liabilities:    
Accounts payable 32,623 66,054
Billings in excess of costs and estimated earnings on uncompleted contracts 19,561 35,006
Accrued employee costs 7,281 7,516
Accrued expenses 3,107 3,699
Total current liabilities 62,572 112,275
Deferred tax liabilities 36,211 38,397
Total liabilities 98,783 150,672
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, 14,504,978 issued and outstanding at June 30, 2014 and 14,493,748 at December 31, 2013, respectively 10,067 10,012
Additional paid-in capital 93,625 93,125
Retained earnings 177,339 172,425
Total shareholders' equity 281,031 275,562
Total liabilities and shareholders' equity $ 379,814 $ 426,234