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, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 30,590 $ 55,287
Contracts receivable, net 81,157 72,474
Contract retainage 2,120 4,313
Costs and estimated earnings in excess of billings on uncompleted contracts 25,795 12,982
Prepaid expenses 21,859 13,075
Inventory 5,292 6,278
Deferred tax assets 2,974 10,157
Income tax receivable 4,164 3,347
Total current assets 173,951 177,913
Property, plant and equipment, net 222,915 216,722
Long-term contracts receivable, net   625
Other assets 672 675
Total assets 397,538 395,935
Current liabilities:    
Accounts payable 29,170 20,502
Billings in excess of costs and estimated earnings on uncompleted contracts 27,217 49,363
Accrued employee costs 7,805 3,512
Accrued expenses 3,195 2,610
Total current liabilities 67,387 75,987
Deferred tax liabilities 35,881 37,149
Total liabilities 103,268 113,136
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, 14,406,255 issued and outstanding at June 30, 2012 and 14,376,443 at December 31, 2011, respectively 9,922 9,921
Additional paid-in capital 91,945 91,933
Retained earnings 192,403 180,945
Total shareholders' equity 294,270 282,799
Total liabilities and shareholders' equity $ 397,538 $ 395,935