Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 36,569 $ 24,888
Contract receivables, net 98,579 60,535
Contract retainage 111 1,298
Costs and estimated earnings in excess of billings on uncompleted contracts 24,727 26,317
Other receivables 20   
Prepaid subcontractor costs    33,145
Prepaid expenses and other 4,842 4,457
Inventory 11,329 5,024
Deferred tax assets 9,927 13,039
Income tax receivable 1,365 4,901
Assets held for sale 14,527   
Total current assets 201,996 173,604
Property, plant and equipment, net 223,555 229,216
Other assets 683 675
Total assets 426,234 403,495
Current liabilities:    
Accounts payable 66,054 49,485
Billings in excess of costs and estimated earnings on uncompleted contracts 35,006 28,498
Accrued employee costs 7,516 5,340
Accrued expenses 3,699 5,161
Accrued contract losses    3,790
Total current liabilities 112,275 92,274
Deferred tax liabilities 38,397 37,721
Total liabilities 150,672 129,995
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, 14,493,748 and 14,452,660 shares issued and outstanding at December 31, 2013 and December 31, 2012 10,012 9,956
Additional paid-in capital 93,125 92,512
Retained earnings 172,425 171,032
Total shareholders' equity 275,562 273,500
Total liabilities and shareholders' equity $ 426,234 $ 403,495