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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 106,129 $ 114,829
Restricted cash 82 745
Receivables, net 228,313 178,994
Retainage 33,933 28,726
Costs and estimated earnings in excess of billings 67,683 69,544
Inventories 54,540 42,524
Prepaid expenses and other current assets 27,305 30,031
Current assets of discontinued operations   1,193
Total current assets 517,985 466,586
Property, plant & equipment, less accumulated depreciation 168,945 164,486
Other assets    
Goodwill 249,888 [1] 190,120 [1],[2]
Identified intangible assets, less accumulated amortization 149,655 73,147
Investments 26,680 27,989
Deferred income tax assets 5,418 4,115
Other assets 6,393 4,260
Total other assets 438,034 299,631
Non-current assets of discontinued operations   2,607
Total Assets 1,124,964 933,310
Current liabilities    
Accounts payable 72,326 74,820
Accrued expenses 69,417 73,035
Billings in excess of costs and estimated earnings 24,435 12,612
Current maturities of long-term debt and line of credit 26,541 13,028
Total current liabilities 192,719 173,495
Long-term debt, less current maturities 222,868 91,715
Deferred income tax liabilities 38,167 32,330
Other non-current liabilities 22,221 9,063
Total liabilities 475,975 306,603
Equity    
Preferred stock, undesignated, $.10 par – shares authorized 2,000,000; none outstanding 0 0
Common stock, $.01 par – shares authorized 125,000,000; shares issued and outstanding 39,352,375 and 39,246,015, respectively 394 392
Additional paid‑in capital 260,680 251,578
Retained earnings 373,796 347,249
Accumulated other comprehensive income 5,862 18,113
Total stockholders' equity 640,732 617,332
Non-controlling interests 8,257 9,375
Total equity 648,989 626,707
Total Liabilities and Equity $ 1,124,964 $ 933,310
[1] The Company does not have any accumulated impairment charges.
[2] During 2011, the Company revised previously reported goodwill balances related to foreign currency translation. As a result of this revision, goodwill as of January 1, 2010 was revised from the previously reported amount of $182.1 million to $188.6 million. See Note 2 for additional information.