Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 61,192 $ 88,072
Contracts receivable, net 54,355 13,042
Contract retainage 4,712 11,000
Costs and estimated earnings in excess of billings on uncompleted contracts 20,280 6,513
Prepaid expenses 2,340 3,674
Inventory 5,874 4,265
Deferred tax assets 6,083 1,301
Income tax receivable 3,123 2,755
Total current assets 157,959 130,622
Property, plant and equipment, net 214,063 197,652
Long-term contracts receivable, net 2,455  
Other receivables   5,907
Other assets 674 675
Total assets 375,151 334,856
Current liabilities:    
Accounts payable 17,484 5,262
Billings in excess of costs and estimated earnings on uncompleted contracts 36,785 7,215
Accrued employee costs 3,917 4,506
Accrued expenses 3,806 1,528
Total current liabilities 61,992 18,511
Deferred tax liabilities 31,410 29,153
Total liabilities 93,402 47,664
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, 14,352,380 and 14,340,971 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively 9,917 9,846
Additional paid-in capital 91,781 91,112
Retained earnings 180,051 186,234
Total shareholders' equity 281,749 287,192
Total liabilities and shareholders' equity $ 375,151 $ 334,856