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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Current Assets    
Cash and cash equivalents $ 74,947 $ 77,443
Available-for-sale securities 13,997 9,795
Receivables, net of allowances of $761 and $601, respectively 77,957 73,681
Unbilled revenues on contracts in progress 60,319 58,884
Prepaid expenses and other 14,944 10,400
Total current assets 242,164 230,203
Property, Plant and Equipment, net 16,890 16,847
Goodwill 54,787 53,441
Other intangible assets, net 11,999 14,569
Deferred tax asset 1,074 878
Other long-term assets 5,416 5,127
Total assets 332,330 321,065
Current Liabilities    
Accounts payable 36,157 38,918
Accrued employee compensation 28,895 20,638
Accrued insurance 11,424 11,992
Billings in excess of revenues on contracts in progress 17,888 18,816
Deferred income tax liability 6,450 6,405
Income taxes payable 418 545
Other accrued expenses 8,576 8,915
Total current liabilities 109,808 106,229
Long-term Liabilities    
Deferred income tax liability 9,184 9,894
Other long-term liabilities 8,915 8,405
Total liabilities 127,907 124,528
Shareholders' Investment    
Common Stock, par value $1, authorized 44,000,000 shares, issued 9,822,940 and 9,718,351, respectively 9,823 9,718
Additional paid-in capital 61,553 59,637
Retained earnings 136,987 131,301
Accumulated other comprehensive loss (63) (80)
Less - 499,185 and 495,537 shares of Common Stock in treasury, at cost, respectively (4,847) (4,761)
Total Michael Baker Corporation shareholders' investment 203,453 195,815
Noncontrolling interests 970 722
Total shareholders' investment 204,423 196,537
Total liabilities and shareholders' investment $ 332,330 $ 321,065