XML 14 R1.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS  
Cash and cash equivalents$ 21,738,571$ 13,072,503
Trade accounts receivable17,517,93017,166,709
Cost and estimated earnings in excess of billings on uncompleted contracts1,994,4444,578,580
Prepaid expenses and other1,825,9731,600,450
Prepaid federal income tax 1,219,165
Total current assets43,076,91837,637,407
PROPERTY AND EQUIPMENT - at cost  
Machinery and equipment132,074,219115,252,066
Automobiles and trucks11,961,65910,868,295
Furniture and fixtures422,003418,643
Leasehold improvements14,99414,994
Total property and equipment, gross144,472,875126,553,998
Less accumulated depreciation and amortization(89,598,611)(76,838,372)
Total property and equipment, net54,874,26449,715,626
Goodwill201,530201,530
Other assets72,96560,834
Total noncurrent assets274,495262,364
Total assets98,225,67787,615,397
CURRENT LIABILITIES  
Trade accounts payable5,941,0999,261,238
Accrued liabilities3,783,8201,808,149
Billings in excess of costs and estimated earnings on uncompleted contracts5,789,8875,486,017
Federal and state income taxes payable1,264,827 
Current maturities of notes payable6,967,9206,316,852
Current portion of capital lease obligations1,227,5191,071,263
Total current liabilities24,975,07223,943,519
NOTES PAYABLE, less current maturities6,509,2884,718,492
CAPITAL LEASE OBLIGATIONS, less current portion1,547,9191,302,963
LONG-TERM DEFERRED TAX LIABILITY5,798,6574,787,623
COMMITMENTS AND CONTINGENCIES  
SHAREHOLDERS' EQUITY  
Preferred stock, $1.00 par value; 4,000,000 shares authorized; issued - none  
Common stock, $.01 par value; 25,000,000 shares authorized; 19,295,962 and 19,242,251 in each period192,960192,423
Additional paid-in capital27,845,18027,512,709
Retained earnings32,063,41324,666,326
Treasury stock, at cost, 37,803 shares(257,323)(257,323)
Accumulated other comprehensive income (loss)(449,489)748,665
Total shareholders' equity59,394,74152,862,800
Total liabilities and shareholders' equity$ 98,225,677$ 87,615,397