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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Current Assets  
Cash and cash equivalents$ 81,945$ 77,443
Available-for-sale securities14,4689,795
Receivables, net of allowances of $1,005 and $601, respectively81,48873,681
Unbilled revenues on contracts in progress59,56658,884
Prepaid expenses and other6,91810,400
Total current assets244,385230,203
Property, Plant and Equipment, net15,77216,847
Goodwill54,75653,441
Other intangible assets, net10,19814,569
Deferred tax asset1,730878
Other long-term assets5,4565,127
Total assets332,297321,065
Current Liabilities  
Accounts payable32,85938,918
Accrued employee compensation25,29420,638
Accrued insurance10,73711,992
Billings in excess of revenues on contracts in progress17,18918,816
Deferred income tax liability6,4516,405
Income taxes payable279545
Other accrued expenses9,7128,915
Total current liabilities102,521106,229
Long-term Liabilities  
Deferred income tax liability8,6149,894
Other long-term liabilities9,1218,405
Total liabilities120,256124,528
Shareholders' Investment  
Common Stock, par value $1, authorized 44,000,000 shares, issued 9,838,911 and 9,718,351, respectively9,8399,718
Additional paid-in capital62,24959,637
Retained earnings144,219131,301
Accumulated other comprehensive loss(90)(80)
Less-499,185 and 495,537 shares of Common Stock in treasury, at cost, respectively(4,847)(4,761)
Total Michael Baker Corporation shareholders' investment211,370195,815
Noncontrolling interests671722
Total shareholders' investment212,041196,537
Total liabilities and shareholders' investment$ 332,297$ 321,065