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, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 26,707 $ 36,569
Contracts receivable, net 82,287 98,579
Contract retainage   111
Costs and estimated earnings in excess of billings on uncompleted contracts 21,803 24,727
Prepaid expenses and other 2,988 4,862
Inventory 10,460 11,329
Deferred tax assets 1,472 9,927
Income tax receivable 723 1,365
Assets held for sale 13,527 14,527
Total current assets 159,967 201,996
Property, plant and equipment, net 230,574 223,555
Other assets 666 683
Total assets 391,207 426,234
Current liabilities:    
Accounts payable 34,275 66,054
Billings in excess of costs and estimated earnings on uncompleted contracts 19,820 35,006
Accrued employee costs 8,563 7,516
Accrued expenses and other liabilities 4,247 3,699
Total current liabilities 66,905 112,275
Deferred tax liabilities 36,887 38,397
Total liabilities 103,792 150,672
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, 14,505,978 issued and outstanding at September 30, 2014 and 14,493,748 at December 31, 2013, respectively 10,094 10,012
Additional paid-in capital 93,864 93,125
Retained earnings 183,457 172,425
Total shareholders' equity 287,415 275,562
Total liabilities and shareholders' equity $ 391,207 $ 426,234