2013 Q1 Form 10-Q Financial Statement
#000104746913005731 Filed on May 08, 2013
Income Statement
Concept | 2013 Q1 | 2012 Q1 |
---|---|---|
Revenue | $201.3M | $240.2M |
YoY Change | -16.19% | 59.84% |
Cost Of Revenue | $174.0M | $214.1M |
YoY Change | -18.72% | 66.37% |
Gross Profit | $27.30M | $26.10M |
YoY Change | 4.6% | 20.91% |
Gross Profit Margin | 13.56% | 10.87% |
Selling, General & Admin | $16.01M | $15.92M |
YoY Change | 0.56% | 14.08% |
% of Gross Profit | 58.63% | 60.98% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $6.879M | $5.700M |
YoY Change | 20.68% | 34.21% |
% of Gross Profit | 25.2% | 21.84% |
Operating Expenses | $16.01M | $15.92M |
YoY Change | 0.56% | 14.08% |
Operating Profit | $11.39M | $10.23M |
YoY Change | 11.36% | 34.17% |
Interest Expense | $183.0K | $182.0K |
YoY Change | 0.55% | -13.33% |
% of Operating Profit | 1.61% | 1.78% |
Other Income/Expense, Net | $5.000K | -$27.00K |
YoY Change | -118.52% | 22.73% |
Pretax Income | $11.22M | $10.02M |
YoY Change | 11.94% | 35.03% |
Income Tax | $4.255M | $3.809M |
% Of Pretax Income | 37.94% | 38.02% |
Net Earnings | $6.960M | $6.210M |
YoY Change | 12.08% | 38.0% |
Net Earnings / Revenue | 3.46% | 2.59% |
Basic Earnings Per Share | $0.33 | $0.30 |
Diluted Earnings Per Share | $0.32 | $0.29 |
COMMON SHARES | ||
Basic Shares Outstanding | 20.66M shares | 20.30M shares |
Diluted Shares Outstanding | 21.31M shares | 21.09M shares |
Balance Sheet
Concept | 2013 Q1 | 2012 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $21.30M | $3.800M |
YoY Change | 460.53% | -91.5% |
Cash & Equivalents | $21.28M | $3.750M |
Short-Term Investments | ||
Other Short-Term Assets | $5.097M | $16.60M |
YoY Change | -69.3% | 22.06% |
Inventory | $43.30M | $55.40M |
Prepaid Expenses | ||
Receivables | $159.3M | $155.3M |
Other Receivables | $11.40M | $10.00M |
Total Short-Term Assets | $253.1M | $241.0M |
YoY Change | 5.01% | 24.29% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $134.9M | $120.5M |
YoY Change | 11.94% | 16.88% |
Goodwill | $46.60M | |
YoY Change | ||
Intangibles | $10.45M | |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $1.874M | $2.000M |
YoY Change | -6.3% | 42.86% |
Total Long-Term Assets | $193.8M | $179.9M |
YoY Change | 7.71% | 10.93% |
TOTAL ASSETS | ||
Total Short-Term Assets | $253.1M | $241.0M |
Total Long-Term Assets | $193.8M | $179.9M |
Total Assets | $446.9M | $420.9M |
YoY Change | 6.17% | 18.21% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $61.23M | $80.90M |
YoY Change | -24.31% | 137.94% |
Accrued Expenses | $39.50M | $38.20M |
YoY Change | 3.4% | 12.02% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $160.5M | $177.9M |
YoY Change | -9.8% | 37.47% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $0.00 | $0.00 |
YoY Change | -100.0% | |
Other Long-Term Liabilities | $1.267M | $1.100M |
YoY Change | 15.18% | 57.14% |
Total Long-Term Liabilities | $1.267M | $1.100M |
YoY Change | 15.18% | -89.72% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $160.5M | $177.9M |
Total Long-Term Liabilities | $1.267M | $1.100M |
Total Liabilities | $183.2M | $198.4M |
YoY Change | -7.64% | 25.49% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $106.9M | |
YoY Change | ||
Common Stock | $156.6M | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $263.6M | $222.6M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $446.9M | $420.9M |
YoY Change | 6.17% | 18.21% |
Cashflow Statement
Concept | 2013 Q1 | 2012 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $6.960M | $6.210M |
YoY Change | 12.08% | 38.0% |
Depreciation, Depletion And Amortization | $6.879M | $5.700M |
YoY Change | 20.68% | 34.21% |
Cash From Operating Activities | $12.50M | -$12.00M |
YoY Change | -204.17% | -186.96% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $12.46M | $8.330M |
YoY Change | 49.56% | -31.85% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $200.0K | $100.0K |
YoY Change | 100.0% | 0.0% |
Cash From Investing Activities | -$12.30M | -$8.200M |
YoY Change | 50.0% | -32.79% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 1.200M | -10.10M |
YoY Change | -111.88% | -48.47% |
NET CHANGE | ||
Cash From Operating Activities | 12.50M | -12.00M |
Cash From Investing Activities | -12.30M | -8.200M |
Cash From Financing Activities | 1.200M | -10.10M |
Net Change In Cash | 1.400M | -30.30M |
YoY Change | -104.62% | 68.33% |
FREE CASH FLOW | ||
Cash From Operating Activities | $12.50M | -$12.00M |
Capital Expenditures | $12.46M | $8.330M |
Free Cash Flow | $42.00K | -$20.33M |
YoY Change | -100.21% | -1389.16% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q1 | dei |
Amendment Flag
AmendmentFlag
|
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Earnings Per Share Basic
EarningsPerShareBasic
|
0.30 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.29 | |
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Significant Purchase Commitment Remaining Minimum Amount Committed
SignificantPurchaseCommitmentRemainingMinimumAmountCommitted
|
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Significant Purchase Commitment Scheduled Period Of Time For Cash Outlay
SignificantPurchaseCommitmentScheduledPeriodOfTimeForCashOutlay
|
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|
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Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
|
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Billings To Date
BillingsToDate
|
1543175000 | USD |
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Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
|
11034000 | USD |
CY2012Q4 | myrg |
Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
AggregateCostsIncurredOnUncompletedContractsAndEstimatedEarnings
|
1439455000 | USD |
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Billings To Date
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|
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Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
|
29184000 | USD |
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Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
|
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Billings In Excess Of Cost Current
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Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
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Billings In Excess Of Cost Current
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Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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Letters Of Credit Outstanding Amount Related To Payment Obligation Under Insurance Programs
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|
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Letters Of Credit Outstanding Amount Related To Payment Obligation Under Insurance Programs
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Letters Of Credit Outstanding Amount Related To Contract Performance Obligations
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Letters Of Credit Outstanding Amount Related To Contract Performance Obligations
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Operating Leases Future Minimum Payments Due In Four Years
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Operating Leases Future Minimum Payments Due In Five Years
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Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
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Loss Contingency Insurance Policy Deductible For Each Line Of Coverage
LossContingencyInsurancePolicyDeductibleForEachLineOfCoverage
|
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Loss Contingency Insurance Policy Deductible If Claim Aggregate Reached Per Line Of Coverage
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Loss Contingency Health Insurance Deductible For Qualified Individuals
LossContingencyHealthInsuranceDeductibleForQualifiedIndividuals
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Net Income Loss Available To Common Stockholders Basic
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|
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Net Income Loss Available To Common Stockholders Basic
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|
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Weighted Average Number Of Shares Outstanding Basic
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|
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Weighted Average Number Of Shares Outstanding Basic
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|
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Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
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Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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|
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|
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|
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Property Plant And Equipment Net
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Goodwill
Goodwill
|
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Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
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Other Assets Noncurrent
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Assets
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Assets Current
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Commitments And Contingencies
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Retained Earnings Accumulated Deficit
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|
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Stockholders Equity
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Cost Of Services
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|
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Gross Profit
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|
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Selling General And Administrative Expense
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|
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Amortization Of Intangible Assets
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Gain Loss On Sale Of Property Plant Equipment
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Gross Profit
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Interest Expense
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OtherNonoperatingIncomeExpense
|
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Depreciation
Depreciation
|
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|
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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Share Based Compensation
ShareBasedCompensation
|
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CY2013Q1 | us-gaap |
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|
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Other Noncash Expense
OtherNoncashExpense
|
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|
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Increase Decrease In Unbilled Receivables
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|
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Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
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Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
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CY2012Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
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CY2012Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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CY2012Q1 | us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
3805000 | USD |
CY2012Q1 | us-gaap |
Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
-647000 | USD |
CY2012Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1428000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
12494000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
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|
-12008000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
140000 | USD |
CY2012Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
8330000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-8190000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-12280000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-10000000 | USD |
CY2012Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
20000 | USD |
CY2012Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
11000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-10065000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1242000 | USD |
CY2012Q1 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
-30263000 | USD |
CY2013Q1 | us-gaap |
Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
|
1456000 | USD |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
34013000 | USD |
CY2012Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3750000 | USD |
CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
21281000 | USD |
CY2013Q1 | myrg |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Plans
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPlans
|
2 | item |
CY2013Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
201342000 | USD |
CY2012Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
240228000 | USD |
CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11390000 | USD |
CY2012Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
10228000 | USD |
CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6960000 | USD |
CY2012Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6210000 | USD |
CY2013Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
62000 | USD |
CY2012Q1 | us-gaap |
Participating Securities Distributed And Undistributed Earnings
ParticipatingSecuritiesDistributedAndUndistributedEarnings
|
39000 | USD |
CY2013Q1 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
800000 | USD |
CY2012Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
800000 | USD |
CY2013Q1 | us-gaap |
Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
|
2000000 | USD |
CY2012Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
-74000 | USD |
CY2013Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
159349000 | USD |
CY2013Q1 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
12742000 | USD |
CY2013Q1 | us-gaap |
Insurance Settlements Receivable
InsuranceSettlementsReceivable
|
11341000 | USD |
CY2013Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
5097000 | USD |
CY2013Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
134885000 | USD |
CY2013Q1 | us-gaap |
Goodwill
Goodwill
|
46599000 | USD |
CY2013Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
10450000 | USD |
CY2013Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1874000 | USD |
CY2013Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
61230000 | USD |
CY2013Q1 | us-gaap |
Self Insurance Reserve Current
SelfInsuranceReserveCurrent
|
39545000 | USD |
CY2013Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
26018000 | USD |
CY2013Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
21530000 | USD |
CY2013Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1267000 | USD |
CY2013Q1 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
208000 | USD |
CY2013Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
156555000 | USD |
CY2013Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
106880000 | USD |
CY2013Q1 | us-gaap |
Cost Of Services
CostOfServices
|
174039000 | USD |
CY2013Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
16007000 | USD |
CY2013Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
84000 | USD |
CY2013Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
178000 | USD |
CY2013Q1 | us-gaap |
Interest Expense
InterestExpense
|
183000 | USD |
CY2013Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
5000 | USD |
CY2013Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4255000 | USD |
CY2013Q1 | us-gaap |
Depreciation
Depreciation
|
6879000 | USD |
CY2013Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
751000 | USD |
CY2013Q1 | us-gaap |
Other Noncash Expense
OtherNoncashExpense
|
34000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-7892000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
|
-18499000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Insurance Settlements Receivable
IncreaseDecreaseInInsuranceSettlementsReceivable
|
-38000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-339000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-23646000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
-349000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
-38000 | USD |
CY2013Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-4771000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
178000 | USD |
CY2013Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12458000 | USD |
CY2013Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
679000 | USD |
CY2013Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
563000 | USD |