XML 53 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsidiary Guarantors (Condensed Consolidated Balance Sheets) (Details) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Cash and cash equivalents $ 70,791 $ 113,288
Accounts receivable - net 112,897 120,268
Contract revenues in excess of billings 50,889 26,412
Inventories 48,696 33,426
Prepaid expenses and other current assets 42,932 32,384
Total current assets 326,205 325,778
Property and equipment - net 316,460 310,520
Goodwill and other intangiable assets - net 98,729 98,863
Inventories- noncurrent 23,206 30,103
Investments in joint ventures 6,899 6,923
Other 18,461 16,273
Total 789,960 788,460
LIABILITIES AND EQUITY    
Accounts payable 80,652 82,745
Accrued expenses 27,477 31,121
Billings in excess of contract revenues 19,999 13,627
Current portion of long term debt 2,658 3,033
Total current liabilities 130,786 130,526
Long term note payable 2,500 2,500
7 3/8% Senior notes 250,000 250,000
Deferred income taxes 102,920 104,352
Other 8,153 8,545
Total liabilities 494,359 495,923
EQUITY:    
Total Great Lakes Dredge & Dock Corporation Equity 295,373 291,969
NONCONTROLLING INTERESTS 228 568
Total equity 295,601 292,537
TOTAL 789,960 788,460
GLDD Corporation [Member]
   
ASSETS    
Receivables from affiliates 7,685 49,724
Prepaid expenses and other current assets 6,473 16,330
Total current assets 14,158 66,054
investments in subsidiaries 645,270 627,754
Other 6,919 5,547
Total 666,347 699,355
LIABILITIES AND EQUITY    
Accounts payable 334  
Payables to affiliates 8,180 44,053
Accrued expenses 8,469 8,047
Total current liabilities 16,983 52,100
7 3/8% Senior notes 250,000 250,000
Deferred income taxes 102,994 103,959
Other 769 759
Total liabilities 370,746 406,818
EQUITY:    
Total Great Lakes Dredge & Dock Corporation Equity 295,373 291,969
NONCONTROLLING INTERESTS 228 568
Total equity 295,601 292,537
TOTAL 666,347 699,355
Subsidiary Guarantors [Member]
   
ASSETS    
Cash and cash equivalents 70,623 108,985
Accounts receivable - net 112,289 118,530
Receivables from affiliates 56,184 79,683
Contract revenues in excess of billings 50,932 26,323
Inventories 48,696 33,426
Prepaid expenses and other current assets 36,429 15,929
Total current assets 375,153 382,876
Property and equipment - net 316,408 310,459
Goodwill and other intangiable assets - net 98,369 98,474
Inventories- noncurrent 23,206 30,103
Investments in joint ventures 6,899 6,923
investments in subsidiaries 3,397 4,385
Other 11,539 10,729
Total 834,971 843,949
LIABILITIES AND EQUITY    
Accounts payable 79,668 81,971
Payables to affiliates 60,546 85,865
Accrued expenses 18,290 22,445
Billings in excess of contract revenues 19,939 13,607
Current portion of long term debt 2,658 3,033
Total current liabilities 181,101 206,921
Long term note payable 2,500 2,500
Deferred income taxes (74) 399
Other 7,384 7,786
Total liabilities 190,911 217,606
EQUITY:    
Total Great Lakes Dredge & Dock Corporation Equity 644,060 626,343
Total equity 644,060 626,343
TOTAL 834,971 843,949
Non-Guarantor Subsidiaries [Member]
   
ASSETS    
Cash and cash equivalents 168 4,303
Accounts receivable - net 608 1,738
Receivables from affiliates 8,344 7,729
Contract revenues in excess of billings 191 153
Prepaid expenses and other current assets 30 125
Total current assets 9,341 14,048
Property and equipment - net 52 61
Goodwill and other intangiable assets - net 360 389
Other 3 3
Total 9,756 14,501
LIABILITIES AND EQUITY    
Accounts payable 650 774
Payables to affiliates 3,659 7,234
Accrued expenses 718 629
Billings in excess of contract revenues 122 68
Total current liabilities 5,149 8,705
Total liabilities 5,149 8,705
EQUITY:    
Total Great Lakes Dredge & Dock Corporation Equity 4,607 5,796
Total equity 4,607 5,796
TOTAL 9,756 14,501
Eliminations [Member]
   
ASSETS    
Receivables from affiliates (72,213) (137,136)
Contract revenues in excess of billings (234) (64)
Total current assets (72,447) (137,200)
investments in subsidiaries (648,667) (632,139)
Other   (6)
Total (721,114) (769,345)
LIABILITIES AND EQUITY    
Payables to affiliates (72,385) (137,152)
Billings in excess of contract revenues (62) (48)
Total current liabilities (72,447) (137,200)
Deferred income taxes   (6)
Total liabilities (72,447) (137,206)
EQUITY:    
Total Great Lakes Dredge & Dock Corporation Equity (648,667) (632,139)
Total equity (648,667) (632,139)
TOTAL $ (721,114) $ (769,345)