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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income (loss)$ (3,570)$ 11,399
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation15,21514,412
Asset impairments7,690 
Deferred income taxes(2,525)678
Compensation expense-restricted stock689606
Excess tax benefit from share-based payment arrangements(29)(12)
Changes in operating assets and liabilities:  
Contracts receivable(43,768)12,818
Contract retainage6,288(10,340)
Costs and estimated earnings in excess of billings on uncompleted contracts(13,767)10,205
Prepaid expenses and other assets1,334108
Other receivables (53)
Inventory(1,609)(334)
Accounts payable12,222(6,480)
Billings in excess of costs and estimated earnings on uncompleted contracts29,5703,357
Accrued employee costs(665)495
Accrued expenses2,2781,213
Current income taxes(339)625
Net cash provided by operating activities9,01438,697
Cash flows from investing activities:  
Capital expenditures, net(33,408)(11,381)
Net cash used in investing activities(33,408)(11,381)
Cash flows from financing activities:  
Proceeds from exercise of stock options9851
Excess tax benefit from share-based payment arrangements2912
Payments of dividends on common stock(2,613)(434)
Net cash used in financing activities(2,486)(371)
Net change in cash and cash equivalents(26,880)26,945
Cash and cash equivalents at beginning of period88,0728,751
Cash and cash equivalents at end of period$ 61,192$ 35,696