2013 Q4 Form 10-Q Financial Statement
#000110465913080613 Filed on November 04, 2013
Income Statement
Concept | 2013 Q4 | 2013 Q3 | 2012 Q3 |
---|---|---|---|
Revenue | $1.099B | $1.030B | $1.099B |
YoY Change | -1.34% | -6.28% | -5.74% |
Cost Of Revenue | $959.6M | $909.5M | $983.9M |
YoY Change | -2.84% | -7.56% | -5.94% |
Gross Profit | $139.7M | $120.9M | $115.5M |
YoY Change | 10.51% | 4.67% | -4.1% |
Gross Profit Margin | 12.71% | 11.73% | 10.5% |
Selling, General & Admin | $69.60M | $62.80M | $60.80M |
YoY Change | 5.94% | 3.29% | 4.29% |
% of Gross Profit | 49.81% | 51.96% | 52.66% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $17.60M | $14.20M | $14.60M |
YoY Change | 18.92% | -2.74% | 15.87% |
% of Gross Profit | 12.6% | 11.75% | 12.64% |
Operating Expenses | $69.50M | $62.80M | $60.80M |
YoY Change | 5.62% | 3.29% | 4.29% |
Operating Profit | $70.18M | $58.09M | $54.68M |
YoY Change | 15.56% | 6.25% | -11.95% |
Interest Expense | -$11.60M | $11.57M | $11.04M |
YoY Change | 0.87% | 4.82% | -195.16% |
% of Operating Profit | -16.53% | 19.92% | 20.19% |
Other Income/Expense, Net | -$5.000M | -$9.488M | $545.0K |
YoY Change | 316.67% | -1840.92% | -90.76% |
Pretax Income | $53.51M | $37.04M | $44.18M |
YoY Change | 11.25% | -16.18% | -21.52% |
Income Tax | $20.20M | $13.28M | $1.591M |
% Of Pretax Income | 37.75% | 35.85% | 3.6% |
Net Earnings | $33.26M | $23.76M | $42.59M |
YoY Change | -20.12% | -44.22% | 19.97% |
Net Earnings / Revenue | 3.03% | 2.31% | 3.87% |
Basic Earnings Per Share | $0.69 | $0.50 | $0.90 |
Diluted Earnings Per Share | $0.68 | $0.49 | $0.88 |
COMMON SHARES | |||
Basic Shares Outstanding | 48.12M shares | 47.96M shares | 47.56M shares |
Diluted Shares Outstanding | 48.63M shares | 48.22M shares |
Balance Sheet
Concept | 2013 Q4 | 2013 Q3 | 2012 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $119.9M | $127.9M | $180.8M |
YoY Change | -28.67% | -29.26% | -33.85% |
Cash & Equivalents | $119.9M | $127.9M | $180.8M |
Short-Term Investments | |||
Other Short-Term Assets | $50.67M | $48.36M | $118.0M |
YoY Change | -32.79% | -59.02% | -20.32% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.865B | $1.936B | $1.661B |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.086B | $2.170B | $1.960B |
YoY Change | 5.25% | 10.68% | -7.02% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $498.1M | $493.3M | $488.1M |
YoY Change | 2.69% | 1.07% | 3.3% |
Goodwill | $577.8M | $571.9M | |
YoY Change | -45.79% | ||
Intangibles | $113.7M | $117.0M | |
YoY Change | -10.31% | ||
Long-Term Investments | $46.30M | $46.30M | $46.30M |
YoY Change | 0.0% | 0.0% | -31.0% |
Other Assets | $75.61M | $80.76M | $40.10M |
YoY Change | -11.79% | 101.39% | 87.38% |
Total Long-Term Assets | $1.312B | $1.309B | $1.275B |
YoY Change | -0.23% | 2.67% | -22.5% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.086B | $2.170B | $1.960B |
Total Long-Term Assets | $1.312B | $1.309B | $1.275B |
Total Assets | $3.397B | $3.479B | $3.236B |
YoY Change | 3.06% | 7.52% | -13.81% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $758.2M | $797.1M | $750.7M |
YoY Change | 8.87% | 6.18% | -2.1% |
Accrued Expenses | $158.0M | $161.6M | $161.5M |
YoY Change | -6.12% | 0.09% | -20.87% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $114.7M | $107.8M | $63.80M |
YoY Change | 69.34% | 69.0% | -13.55% |
Total Short-Term Liabilities | $1.298B | $1.349B | $1.322B |
YoY Change | 5.2% | 2.07% | -7.34% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $619.2M | $669.7M | $636.9M |
YoY Change | -7.49% | 5.15% | -16.09% |
Other Long-Term Liabilities | $117.9M | $146.5M | $116.6M |
YoY Change | -15.21% | 25.63% | 25.38% |
Total Long-Term Liabilities | $737.1M | $816.2M | $753.5M |
YoY Change | -8.82% | 8.32% | -11.56% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.298B | $1.349B | $1.322B |
Total Long-Term Liabilities | $737.1M | $816.2M | $753.5M |
Total Liabilities | $2.150B | $2.275B | $2.135B |
YoY Change | -0.12% | 6.57% | -10.02% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $224.6M | $191.3M | |
YoY Change | 63.59% | ||
Common Stock | $1.056B | $1.057B | |
YoY Change | 0.59% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.248B | $1.204B | $1.101B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.397B | $3.479B | $3.236B |
YoY Change | 3.06% | 7.52% | -13.81% |
Cashflow Statement
Concept | 2013 Q4 | 2013 Q3 | 2012 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $33.26M | $23.76M | $42.59M |
YoY Change | -20.12% | -44.22% | 19.97% |
Depreciation, Depletion And Amortization | $17.60M | $14.20M | $14.60M |
YoY Change | 18.92% | -2.74% | 15.87% |
Cash From Operating Activities | $61.80M | $27.50M | $4.000M |
YoY Change | -254.5% | 587.5% | -110.96% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$2.600M | -$11.70M | -$11.90M |
YoY Change | -66.23% | -1.68% | -32.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $5.000M | -$300.0K | $2.100M |
YoY Change | -114.29% | -101.21% | |
Cash From Investing Activities | $2.400M | -$11.90M | -$9.800M |
YoY Change | -131.17% | 21.43% | -94.87% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -72.20M | -30.40M | 1.200M |
YoY Change | -306.88% | -2633.33% | -98.5% |
NET CHANGE | |||
Cash From Operating Activities | 61.80M | 27.50M | 4.000M |
Cash From Investing Activities | 2.400M | -11.90M | -9.800M |
Cash From Financing Activities | -72.20M | -30.40M | 1.200M |
Net Change In Cash | -8.000M | -14.80M | -4.600M |
YoY Change | -37.5% | 221.74% | -96.88% |
FREE CASH FLOW | |||
Cash From Operating Activities | $61.80M | $27.50M | $4.000M |
Capital Expenditures | -$2.600M | -$11.70M | -$11.90M |
Free Cash Flow | $64.40M | $39.20M | $15.90M |
YoY Change | -299.38% | 146.54% | -183.68% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2013Q3 | us-gaap |
Contract Revenue Cost
ContractRevenueCost
|
909531000 | USD |
CY2012Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
1058631000 | USD |
CY2012Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
487985000 | USD |
CY2012Q4 | us-gaap |
Goodwill
Goodwill
|
570646000 | USD |
CY2013Q3 | tpc |
Intangible Assets Gross
IntangibleAssetsGross
|
311456000 | USD |
CY2013Q3 | tpc |
Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
|
81379000 | USD |
CY2013Q3 | tpc |
Intangible Assets Accumulated Impairment Value
IntangibleAssetsAccumulatedImpairmentValue
|
113067000 | USD |
CY2013Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
117010000 | USD |
CY2013Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3300000 | USD |
CY2013Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
3300000 | USD |
CY2013Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
11900000 | USD |
CY2013Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
5300000 | USD |
CY2013Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
3500000 | USD |
CY2013Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
3500000 | USD |
CY2013Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
39100000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9800000 | USD | |
CY2012Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3600000 | USD |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
15000000 | USD | |
CY2013Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.358 | pure |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.028 | pure | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
32071000 | USD | |
CY2013Q3 | us-gaap |
Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
|
-1800000 | USD |
CY2013Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
4200000 | USD |
CY2012Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.90 | |
CY2013Q3 | us-gaap |
Goodwill
Goodwill
|
571932000 | USD |
CY2012Q4 | tpc |
Intangible Assets Gross
IntangibleAssetsGross
|
311456000 | USD |
CY2012Q4 | tpc |
Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
|
71568000 | USD |
CY2012Q4 | tpc |
Intangible Assets Accumulated Impairment Value
IntangibleAssetsAccumulatedImpairmentValue
|
113067000 | USD |
CY2012Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
126821000 | USD |
CY2012Q3 | us-gaap |
Contracts Revenue
ContractsRevenue
|
1099393000 | USD |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><i><font style="FONT-STYLE: italic; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Use of and Changes in Estimates</font></i></b></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The Company’s construction business involves making significant estimates and assumptions in the normal course of business relating to its contracts and its joint venture contracts. Management focuses on evaluating the performance of contracts individually. These estimates and assumptions can vary in the normal course of business as projects progress, when estimated productivity assumptions change based on experience to date and uncertainties are resolved.  Change orders and claims, as well as changes in related estimates of costs to complete, are considered revisions in estimates. The Company uses the cumulative catch-up method applicable to construction contract accounting to account for revisions in estimates. The impact on operating margin in a reporting period and future periods from a change in estimate will depend on the stage of contract completion. </font> <font style="FONT-SIZE: 10pt;" size="2">During the three and nine months ended September 30, 2013, the Company’s results of operations were impacted by $9.7 million and $11.5 million, respectively, of increases in the estimated recovery projected for a Building segment project due to changes in facts and circumstances that occurred during those periods.  These changes in estimates resulted in increases of $9.7 million and $11.5 million in income from construction operations, $6.2 million and $7.2 million in net income and $0.13 and $0.15 in diluted earnings per common share during the three and nine months ended September 30, 2013, respectively.  During both the three and nine months ended September 30, 2012, the Company’s results of operations were impacted by a $12.4 million increase in the estimated recovery projected for a large hospitality and gaming project which was primarily driven by changes in cost recovery assumptions based on evidence presented during the period.  Excluding the discrete items that impacted the Company’s estimated tax rate during 2012, this change in estimate resulted in increases of $12.4 million in income from construction operations, $7.2 million in net income, and $0.15 in diluted earnings per common share during both the three and nine months ended September 30, 2012.  These changes were the only changes in estimates considered material to the Company’s results of operations during the periods presented herein.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> </div> | ||
CY2012Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
661000 | shares |
CY2013Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-460000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
610000 | USD |
us-gaap |
Contracts Revenue
ContractsRevenue
|
3076381000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
133647000 | USD | |
us-gaap |
Contracts Revenue
ContractsRevenue
|
2997273000 | USD | |
tpc |
Before Impairment Charge
BeforeImpairmentCharge
|
94039000 | USD | |
us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
376574000 | USD | |
CY2012Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
1224613000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
10071000 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
168056000 | USD |
CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
38717000 | USD |
CY2013Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
127902000 | USD |
CY2013Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
47466000 | USD |
CY2012Q4 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
157119000 | USD |
CY2012Q4 | us-gaap |
Unapproved Change Orders Amount
UnapprovedChangeOrdersAmount
|
141596000 | USD |
CY2012Q4 | us-gaap |
Contracts Receivable Claims And Uncertain Amounts
ContractsReceivableClaimsAndUncertainAmounts
|
166287000 | USD |
CY2012Q4 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
|
465002000 | USD |
CY2012Q4 | tpc |
Unapproved Change Orders And Claims Subject To Pending Litigation
UnapprovedChangeOrdersAndClaimsSubjectToPendingLitigation
|
62000000 | USD |
CY2013Q3 | tpc |
Unapproved Change Orders And Claims Subject To Pending Litigation
UnapprovedChangeOrdersAndClaimsSubjectToPendingLitigation
|
54100000 | USD |
CY2013Q3 | us-gaap |
Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
|
538421000 | USD |
CY2013Q3 | us-gaap |
Contracts Receivable Claims And Uncertain Amounts
ContractsReceivableClaimsAndUncertainAmounts
|
197274000 | USD |
CY2013Q3 | us-gaap |
Unapproved Change Orders Amount
UnapprovedChangeOrdersAmount
|
144839000 | USD |
CY2013Q3 | us-gaap |
Unbilled Contracts Receivable
UnbilledContractsReceivable
|
196308000 | USD |
CY2012Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
75388000 | USD |
CY2012Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1981847000 | USD |
CY2012Q4 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
46283000 | USD |
CY2012Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
485095000 | USD |
CY2012Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
85718000 | USD |
CY2012Q4 | us-gaap |
Assets
Assets
|
3296410000 | USD |
CY2012Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
67710000 | USD |
CY2012Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
696473000 | USD |
CY2012Q4 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
301761000 | USD |
CY2012Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
168326000 | USD |
CY2012Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1234270000 | USD |
CY2012Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
669380000 | USD |
CY2012Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
109900000 | USD |
CY2012Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
138996000 | USD |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1143864000 | USD |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3296410000 | USD |
CY2013Q3 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
1397857000 | USD |
CY2013Q3 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
9631000 | USD |
CY2013Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
48360000 | USD |
CY2013Q3 | us-gaap |
Assets Current
AssetsCurrent
|
2169637000 | USD |
CY2013Q3 | us-gaap |
Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
46283000 | USD |
CY2013Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
493326000 | USD |
CY2013Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
80759000 | USD |
CY2013Q3 | us-gaap |
Assets
Assets
|
3478947000 | USD |
CY2013Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
107821000 | USD |
CY2013Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
797129000 | USD |
CY2013Q3 | us-gaap |
Billings In Excess Of Cost Current
BillingsInExcessOfCostCurrent
|
282261000 | USD |
CY2013Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
161649000 | USD |
CY2013Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
1348860000 | USD |
CY2013Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
669710000 | USD |
CY2013Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
109922000 | USD |
CY2013Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
146484000 | USD |
CY2013Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2013Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1203971000 | USD |
CY2013Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3478947000 | USD |
CY2013Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
48115000 | USD |
CY2013Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-393000 | USD |
CY2013Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-274000 | USD |
CY2013Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
5000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
-623000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
704000 | USD | |
CY2012Q3 | us-gaap |
Contract Revenue Cost
ContractRevenueCost
|
983930000 | USD |
CY2012Q3 | us-gaap |
Gross Profit
GrossProfit
|
115463000 | USD |
CY2012Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
60787000 | USD |
CY2012Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
54676000 | USD |
CY2012Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
545000 | USD |
CY2012Q3 | us-gaap |
Interest Expense
InterestExpense
|
11039000 | USD |
CY2012Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
44182000 | USD |
CY2012Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.88 | |
CY2012Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1591000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
362000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
1000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
-177000 | USD |
CY2013Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-453000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
1000 | USD |
us-gaap |
Contract Revenue Cost
ContractRevenueCost
|
2749212000 | USD | |
us-gaap |
Gross Profit
GrossProfit
|
327169000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
193522000 | USD | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.13 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-13549000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
33990000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
86108000 | USD | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23759000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
54037000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-622000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-525000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
465000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-742000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
366000 | USD | |
us-gaap |
Contract Revenue Cost
ContractRevenueCost
|
2708590000 | USD | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
|
14000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
288683000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
194644000 | USD | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-282535000 | USD | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-681000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
32724000 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-315940000 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-8905000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-307035000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
419000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
208000 | USD | |
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.50 | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
-1196000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
-2005000 | USD | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
|
-56000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
41766000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6597000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
503000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
220000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-444000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
17877000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
130700000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11058000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
39810000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2551000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
|
771000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
8749000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-46008000 | USD | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
571285000 | USD | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
536227000 | USD | |
tpc |
Issuance Of Common Stock And Effect Of Cashless Exercise
IssuanceOfCommonStockAndEffectOfCashlessExercise
|
-786000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
16912000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-40154000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
46676000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7424000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
42008000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
24005000 | USD | |
us-gaap |
Availableforsale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
|
-2699000 | USD | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-509000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
446000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-8399000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
104135000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-27877000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
33737000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
11750000 | USD | |
us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
535000 | USD | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
16553000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
3263000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9232000 | USD | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
511579000 | USD | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
485543000 | USD | |
tpc |
Business Acquisition Related Payments
BusinessAcquisitionRelatedPayments
|
10090000 | USD | |
tpc |
Issuance Of Common Stock And Effect Of Cashless Exercise
IssuanceOfCommonStockAndEffectOfCashlessExercise
|
-307000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1993000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
13646000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-23463000 | USD | |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
204240000 | USD |
CY2012Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
180777000 | USD |
CY2013Q3 | us-gaap |
Liabilities
Liabilities
|
2274976000 | USD |
CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
2152546000 | USD |
CY2012Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2013Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
47556000 | USD |
CY2012Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1002603000 | USD |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
137279000 | USD |
CY2012Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-43574000 | USD |
CY2013Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
171210000 | USD |
CY2012Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
146553000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
756000 | USD | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
1210000 | USD |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
88000 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
3259000 | USD | |
CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2013Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2013Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2012Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
CY2013Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
75000000 | shares |
CY2013Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
48115399 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
47556056 | shares |
CY2013Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
48115399 | shares |
CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
47556056 | shares |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.11 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-6.47 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-6.47 | ||
CY2012Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
47556000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
47735000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
802000 | shares | |
CY2012Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48217000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48537000 | shares | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
17647000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
2050000 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
5075000 | USD | |
CY2013Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2012Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
dei |
Entity Registrant Name
EntityRegistrantName
|
TUTOR PERINI Corp | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000077543 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2013 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
CY2013Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
48115399 | shares |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="TEXT-INDENT: -0.4in; MARGIN: 0in 0in 0pt 0.4in;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">(1)</font></b><b><font style="FONT-SIZE: 3pt; FONT-WEIGHT: bold;" size="1">                      </font></b> <b><u><font style="FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Basis of Presentation</font></u></b></p> <p style="TEXT-INDENT: -0.4in; MARGIN: 0in 0in 0pt 0.4in;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The unaudited consolidated condensed financial statements presented herein include the accounts of Tutor Perini Corporation and its wholly owned subsidiaries (“Tutor Perini” or the “Company”).  The Company’s interests in construction joint ventures are accounted for using the proportionate consolidation method whereby the Company’s proportionate share of each joint venture’s assets, liabilities, revenues and cost of operations are included in the appropriate classifications in the consolidated financial statements.  All intercompany transactions and balances have been eliminated in consolidation.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The unaudited consolidated condensed financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by accounting principles generally accepted in the United States (“GAAP”) as codified in the Financial Accounting Standards Board’s (“FASB”) <i>Accounting Standards Codification</i>.  These statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">In the opinion of management, the accompanying unaudited consolidated condensed financial statements include all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Company’s financial position as of September 30, 2013 and December 31, 2012, results of operations and comprehensive income for the three and nine months ended September 30, 2013 and 2012, and cash flows for the nine months ended September 30, 2013 and 2012. The results of operations for the three and nine months ended September 30, 2013 are not indicative of the results that may be expected for the year ending December 31, 2013 because, among other reasons, such results can vary depending on the timing of progress achieved and changes in estimated profitability of projects being reported.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">The Company considers events or transactions that occur after the balance sheet date but before the financial statements are issued to provide additional evidence relative to certain estimates or to identify matters that require additional disclosures.</font></p> <p style="MARGIN: 0in 0in 0pt;"> </p> </div> | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.372 | pure | |
CY2012Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.036 | pure |
CY2013Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
13276000 | USD |
us-gaap |
Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
|
-2100000 | USD | |
CY2013Q3 | us-gaap |
Contracts Revenue
ContractsRevenue
|
1030388000 | USD |
CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
58094000 | USD |
CY2013Q3 | us-gaap |
Gross Profit
GrossProfit
|
120857000 | USD |
CY2013Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
62763000 | USD |
CY2013Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-9488000 | USD |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
11571000 | USD |
CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
37035000 | USD |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6597000 | USD | |
tpc |
Issuance Of Common Stock Net
IssuanceOfCommonStockNet
|
624000 | USD | |
us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
3600000 | USD | |
CY2013Q3 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
4500000 | USD |
CY2013Q3 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
300000 | USD |
us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
-1200000 | USD | |
CY2012Q3 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
0 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent
|
-440000 | USD | |
us-gaap |
Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
|
-469000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
356000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
356000 | USD | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-264000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
|
-3224000 | USD | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-899000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
555000 | USD |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-594000 | USD | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
47440000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
47440000 | shares | |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
3854000 | USD | |
CY2012Q3 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
|
-841000 | USD |
us-gaap |
Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
|
-841000 | USD | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
-67000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
248000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
-1000 | USD | |
us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
285000 | USD | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-179000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-217000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
158000 | USD | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
9000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
121000 | USD |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
|
306000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
-1219000 | USD | |
CY2013Q3 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-237000 | USD |
CY2013Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-662000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-655000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-682000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
595000 | USD | |
CY2012Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
41936000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
53355000 | USD | |
CY2013Q3 | us-gaap |
Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
|
1100000 | USD |
CY2012Q3 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
841000 | USD |
us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
841000 | USD | |
CY2012Q2 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
376600000 | USD |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
1286000 | USD | |
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.49 | |
CY2013Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
47959000 | shares |
CY2013Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1008796000 | USD |
CY2013Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
191316000 | USD |
CY2013Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-44256000 | USD |
CY2013Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
666000 | shares |
CY2013Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
48625000 | shares |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-306440000 | USD | |
CY2013Q3 | tpc |
Business Acquisition Contingent Consideration Fair Value Disclosure
BusinessAcquisitionContingentConsiderationFairValueDisclosure
|
759000 | USD |
CY2013Q3 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
|
1100000 | USD |
us-gaap |
Interest Paid
InterestPaid
|
26918000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
18449000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
|
458000 | USD | |
us-gaap |
Stock Issued1
StockIssued1
|
11393000 | USD | |
tpc |
Business Acquisition Related Payments
BusinessAcquisitionRelatedPayments
|
17716000 | USD |