0000700923 2011-01-01 2011-12-31 0000700923 2010-01-01 2010-12-31 0000700923 2009-01-01 2009-12-31 0000700923 2011-12-31 0000700923 2010-12-31 0000700923 2009-12-31 0000700923 2008-12-31 0000700923 us-gaap:RetainedEarningsMember 2008-12-31 0000700923 us-gaap:AdditionalPaidInCapitalMember 2008-12-31 0000700923 us-gaap:CommonStockMember 2008-12-31 0000700923 us-gaap:AdditionalPaidInCapitalMember 2010-01-01 2010-12-31 0000700923 us-gaap:CommonStockMember 2010-01-01 2010-12-31 0000700923 us-gaap:RetainedEarningsMember 2010-01-01 2010-12-31 0000700923 us-gaap:RetainedEarningsMember 2009-12-31 0000700923 us-gaap:AdditionalPaidInCapitalMember 2009-12-31 0000700923 us-gaap:CommonStockMember 2009-12-31 0000700923 us-gaap:AdditionalPaidInCapitalMember 2009-01-01 2009-12-31 0000700923 us-gaap:CommonStockMember 2009-01-01 2009-12-31 0000700923 us-gaap:RetainedEarningsMember 2009-01-01 2009-12-31 0000700923 us-gaap:RetainedEarningsMember 2010-12-31 0000700923 us-gaap:AdditionalPaidInCapitalMember 2010-12-31 0000700923 us-gaap:CommonStockMember 2010-12-31 0000700923 us-gaap:AdditionalPaidInCapitalMember 2011-01-01 2011-12-31 0000700923 us-gaap:CommonStockMember 2011-01-01 2011-12-31 0000700923 us-gaap:RetainedEarningsMember 2011-01-01 2011-12-31 0000700923 us-gaap:RetainedEarningsMember 2011-12-31 0000700923 us-gaap:AdditionalPaidInCapitalMember 2011-12-31 0000700923 us-gaap:CommonStockMember 2011-12-31 0000700923 2011-06-30 0000700923 2012-02-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares 335000 56776000 85566000 694790000 780356000 19883000 0.78 0.81 9243000 25365000 -144000 1054000 58000 26505000 750000 335000 44630000 70720000 526357000 597077000 20782000 20702000 19755000 0.83 0.87 9446000 26681000 -208000 852000 218000 27523000 20993000 418000 335000 48467000 75907000 555261000 631168000 20151000 0.87 0.90 1266000 -41036000 42342000 1306000 30394000 11147000 4806000 -20560000 35062000 569000 10000000 20000000 65658000 149877000 203000 196830000 679000 19354000 176797000 29078000 38850000 24945000 73924000 412568000 1971000 10869000 46599000 117178000 235951000 3071000 884000 10122000 13253000 43694000 126911000 34013000 47360000 145149000 200000 187439000 636000 17971000 30000000 138832000 17974000 34044000 45505000 41309000 380148000 1831000 11204000 46599000 96591000 223923000 3719000 2144000 8422000 10544000 29299000 107172000 62623000 380148000 412568000 20405044 20405044 100000000 0.01 0 0 4000000 0.01 2223000 64345000 1078000 20007081 20007081 100000000 0.01 0 0 4000000 0.01 1888000 46878000 947000 10759000 29057000 -81000 544000 53000 29629000 1174000 30000000 -3559000 1700000 14395000 19739000 44000 -1326000 1266000 2130000 19176000 37576000 827000 198000 671000 42000 -20617000 21895000 1278000 <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>6. Contracts in Process </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The net asset (liability) position for contracts in process consisted of the following at December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Costs incurred on uncompleted contracts</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">943,442</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">810,463</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Estimated earnings</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">84,363</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">92,102</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,027,805</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">902,565</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Less: Billings to date</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,009,056</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">918,771</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">18,749</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(16,206</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The net asset (liability) position for contracts in process is included in the accompanying consolidated balance sheets as follows at December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Costs and estimated earnings in excess of billings on uncompleted contracts</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">43,694</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">29,299</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Billings in excess of costs and estimated earnings on uncompleted contracts</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(24,945</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(45,505</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">18,749</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(16,206</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>7. Property and Equipment </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Property and equipment consisted of the following at December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="center" width="53"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(dollars in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Estimated<br /> Useful Life<br /> in Years </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Land</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,990</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,990</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Buildings and improvements</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">3 to 39</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">12,392</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">12,331</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Construction equipment</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">2 to 12</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">161,712</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">124,169</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Office equipment</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">2 to 7</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,429</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,979</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">181,523</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">143,469</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Less: Accumulated depreciation and amortization</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(64,345</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(46,878</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">117,178</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">96,591</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Depreciation and amortization expense of property and equipment for the years ended December&#160;31, 2011, 2010 and 2009 were $19.2&#160;million, $16.0&#160;million, and $13.2&#160;million, respectively.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>8. Goodwill and Other Intangible Assets </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Goodwill and other intangible assets consisted of the following at December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 62%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"130%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="130%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="8"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="8"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Gross<br /> Carrying<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Accumulated<br /> Amortization </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Net<br /> Carrying<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Gross<br /> Carrying<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Accumulated<br /> Amortization </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Net<br /> Carrying<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Goodwill</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">T&amp;D</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,042</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,042</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,042</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,042</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">C&amp;I</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,557</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,557</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,557</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,557</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Amortizable Intangible Assets</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Backlog</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">521</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">521</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">521</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">521</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Customer relationships</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,015</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,702</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,313</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,015</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,367</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,648</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Indefinite-lived Intangible Assets</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Trade names</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,556</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,556</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,556</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,556</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">59,691</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,223</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">57,468</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">59,691</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,888</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">57,803</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Customer relationships are being amortized on a straight-line method over an estimated useful life of 12&#160;years, and have been determined to have no residual value. Trade names have been determined to have indefinite lives and therefore are not being amortized. Intangible asset amortization expense was $0.3&#160;million for each of the years ended December&#160;31, 2011, 2010 and 2009. Intangible asset amortization expense for the years subsequent to December&#160;31, 2011 is expected to be approximately $0.3&#160;million for each of the years from 2012 to 2016. </font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>9. Accrued Liabilities </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other current liabilities consisted of the following at December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Payroll and incentive compensation</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">10,435</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,022</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Union dues and benefits</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,617</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,947</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Profit sharing and thrift plan</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,780</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">466</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Taxes, other than income taxes</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,929</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,956</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,317</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,583</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">29,078</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17,974</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>11. Income Taxes </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The income tax provision from continuing operations consisted of the following for the years ended December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Current</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Federal</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">10,047</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,349</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,682</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">State</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,038</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,151</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">888</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">12,085</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">7,500</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,570</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Deferred</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Federal</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,039</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,421</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,419</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">State</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(287</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">322</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">457</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,326</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,743</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,876</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Income tax expense</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">10,759</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,243</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,446</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The differences between the U.S. federal statutory tax rate and the Company's effective tax rate for continuing operations were as follows for the years ended December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="26"></td> <td style="FONT-FAMILY: times" width="15"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="26"></td> <td style="FONT-FAMILY: times" width="15"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="26"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">U.S federal statutory rate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">35.0</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">35.0</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">35.0</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">%</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">State income taxes, net of U.S. federal income tax expense</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4.5</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4.6</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4.5</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Provision to return adjustments, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(0.3</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1.1</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1.0</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Deferred tax adjustments, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(0.1</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.2</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1.2</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Domestic production/manufacturing deduction</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(2.7</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(2.4</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1.2</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Refund of fine related to OSHA violation</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(0.1</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(0.7</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Non-deductible meals and entertainment</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.7</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.6</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.6</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Research and development credit</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(0.1</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(0.3</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Other, net</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(0.1</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(0.6</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">37.0</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">36.4</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">%</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">35.4</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">%</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The net deferred tax assets and (liabilities) arising from temporary differences was as follows at December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Deferred income tax assets:</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Self insurance reserves</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,772</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,874</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Contract loss reserves</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">254</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">77</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Stock-based awards</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,262</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,793</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,245</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,620</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 30pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Total deferred income tax assets</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">18,533</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">16,364</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Deferred income tax liabilities:</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Property and equipment&#8212;tax over book depreciation</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(20,449</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(19,477</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Intangible assets&#8212;tax over book amortization</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(4,185</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(4,314</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 30pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Total deferred income tax liabilities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(24,634</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(23,791</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 30pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Net deferred income taxes</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(6,101</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(7,427</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The balance sheet classification of deferred income taxes is as follows: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Current deferred income tax assets</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,253</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">10,544</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Non-current deferred income tax liabilities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(19,354</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(17,971</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(6,101</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(7,427</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company is subject to taxation in various jurisdictions. The Company's federal tax returns for 2009 and 2010 are currently under examination by the Internal Revenue Service. The Company remains subject to examination by various state authorities for the years 2007 through 2011. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has recorded a liability for unrecognized tax benefits related to tax positions taken on its various income tax returns. If recognized, the entire amount of unrecognized tax benefits would favorably impact the effective tax rate that is reported in future periods. The Company anticipates that total unrecognized tax benefits will be reduced within the next 12&#160;months due to the lapses in the applicable statutes of limitations, as well as pending federal tax settlements for the two years under examination. The adjustment related to these items is estimated at approximately $0.3&#160;million. Interest and penalties related to uncertain income tax positions are included as a component of income tax expense in the accompanying consolidated statements of operations. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company had approximately $0.7&#160;million and $0.6&#160;million of total unrecognized tax benefits, including accrued interest and penalties, as of December&#160;31, 2011 and 2010, respectively, which were included in other liabilities in the accompanying consolidated balance sheets. For the year ended December&#160;31, 2011, the Company recorded an additional $0.1&#160;million in unrecognized tax benefits related to the net activity of current and prior year positions. The amount of interest and penalties charged or credited to income tax expense as a result of the unrecognized tax benefits was $0.1&#160;million or less for each of the years ended December&#160;31, 2011, 2010 and 2009. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The following is a reconciliation of the beginning and ending liabilities for unrecognized tax benefits at December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="30"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="34"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Balance at beginning of period</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">392</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">691</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Gross increases in current period tax positions</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">194</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">133</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Gross increases in prior period tax positions</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">31</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">11</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Gross decreases in prior period tax positions</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(34</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Lapse of applicable statutes of limitations</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(16</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(82</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Settlements with taxing authorities</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(361</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Balance at end of period</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">567</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">392</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Accrued interest and penalties at end of period</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">113</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">220</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Total liability for unrecognized tax benefits</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">680</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">612</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>12. Commitments and Contingencies </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Letters of Credit </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At December&#160;31, 2011, the Company had two outstanding irrevocable standby letters of credit, including one for $15.0&#160;million related to the Company's payment obligation under its insurance programs and another for approximately $2.2&#160;million related to contract performance obligations. At December&#160;31, 2010, the Company had one outstanding irrevocable standby letter of credit totaling $15.0&#160;million related to the Company's payment obligation under its insurance programs. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Leases </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company leases real estate, construction equipment and office equipment under operating leases with terms ranging from one to nine years. As of December&#160;31, 2011, future minimum lease payments for these operating leases were as follows: $4.8&#160;million for 2012, $2.2&#160;million for 2013, $0.9&#160;million for 2014, $0.4&#160;million for 2015, $0.2&#160;million for 2016 and $0.5&#160;million thereafter. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At times, the Company has guaranteed the residual value of the underlying assets under certain equipment operating leases at the date of termination of such leases. For such guarantees, the Company agrees to pay any differences between this residual value and the fair market value of each underlying asset as of the lease termination date. As of December&#160;31, 2010, the maximum guaranteed residual value of leased assets was approximately $0.6&#160;million. The Company had no leases in effect at December&#160;31, 2011 which included guaranteed residual values. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Rent expense includes lease payments as well as rent on items that are rented for less than one year. Total rent expense for the years ended December&#160;31, 2011, 2010 and 2009, was $32.2&#160;million, $31.4&#160;million and $30.0&#160;million, respectively. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Purchase Commitments for Construction Equipment </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of December&#160;31, 2011, the Company had approximately $6.0&#160;million in outstanding purchase obligations for certain construction equipment, with most of the cash outlay scheduled to occur during the next six months. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Insurance and Claims Accruals </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company carries insurance policies, which are subject to certain deductibles, for workers' compensation, general liability, automobile liability and other coverages. The deductible for each line of coverage is between $1.0&#160;million and $1.5&#160;million per claim, depending on whether the claim aggregate has been met. Once a policy's claim aggregate is reached per line of coverage, the deductible for that policy is reduced to $1.0&#160;million per claim. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Health insurance benefits are subject to a $0.1&#160;million deductible for qualified individuals. Losses up to the stop loss amounts are accrued based upon the Company's estimates of the ultimate liability for claims reported and an estimate of claims incurred but not yet reported. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The insurance and claims accruals are based on known facts, actuarial estimates and historical trends. While recorded accruals are based on the ultimate liability, which includes amounts in excess of the stop loss deductible, a corresponding receivable for amounts in excess of the stop loss deductible is included in current assets in the consolidated balance sheets. The rollforward of activity in the insurance reserves was as follows for the years ended December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="50"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Balance at beginning of period</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">34,044</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">33,100</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Net increases in reserves</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">23,621</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">14,234</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Net payments made</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(18,815</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(13,290</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Balance at end of period</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">38,850</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">34,044</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Insurance expense, including premiums, for workers' compensation, general liability, automobile liability and employee health benefits for the years ended December&#160;31, 2011, 2010 and 2009 was $21.5&#160;million, $16.0&#160;million and $17.4&#160;million, respectively. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Employment Agreements </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of December&#160;31, 2009, the Company had recorded a contingent termination payment liability of approximately $1.6&#160;million related to the employment agreements it entered into with six executive officers in December 2007, which were amended in December 2008 (each an "Employment Agreement"). The liability recorded represented the amount the named executive officers would have been eligible to receive under the terms of the original Employment Agreements if they were to voluntarily terminate employment without "good reason" (as defined in the Employment Agreements) at any time. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In March 2010, the Company amended and restated the Employment Agreements, which, among other things, removed the provision for severance pay subject to a voluntary termination without good reason. The revised severance pay provisions in the Employment Agreements are all under the employer's control. Therefore, the Company eliminated the $1.6&#160;million liability related to this severance provision as a result of the amendment. The benefit of reversing this liability was included as a reduction to selling, general and administrative expenses in the accompanying consolidated statement of operations for the year ended December&#160;31, 2010. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Surety Bonds </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In certain circumstances, the Company is required to provide performance bonds in connection with its future performance on contractual commitments. The Company has indemnified its sureties for any expenses paid out under these performance bonds. As of December&#160;31, 2011, an aggregate of approximately $881.1&#160;million in original face amount of bonds issued by the surety were outstanding. Our estimated remaining cost to complete these bonded projects was approximately $474.5&#160;million as of December&#160;31, 2011. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Collective bargaining agreements </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Many of the Company's subsidiaries' field labor employees are covered by collective bargaining agreements. The agreements require the subsidiaries to pay specified wages, provide certain benefits and contribute certain amounts to multi-employer pension plans. If a subsidiary withdraws from one or more multi-employer pension plans or if the plans were to otherwise become underfunded, the subsidiary could be assessed liabilities for additional contributions related to the underfunding of these plans. Although we have been informed that several of the multi-employer pension plans to which our subsidiaries contribute have been labeled with a "critical" status, we are not currently aware of any potential significant liabilities related to this issue. See footnote 15 for further information related to the Company's participation in multi-employer plans. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Litigation and Other Legal Matters </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company is from time-to-time party to various lawsuits, claims, and other legal proceedings that arise in the ordinary course of business. These actions typically seek, among other things, compensation for alleged personal injury, breach of contract and/or property damages, punitive damages, civil penalties or other losses, or injunctive or declaratory relief. With respect to all such lawsuits, claims and proceedings, the Company records reserves when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. The Company does not believe that any of these proceedings, separately or in the aggregate, would be expected to have a material adverse effect on the Company's financial position, results of operation or cash flows. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company is routinely subject to other civil claims, litigation and arbitration, and regulatory investigations arising in the ordinary course of our present business as well as in respect of our divested businesses. Some of these claims and litigations include claims related to the Company's current services and operations, and asbestos-related claims concerning historic operations of a predecessor affiliate. The Company believes that it has strong defenses to these claims as well as adequate insurance coverage in the event any asbestos-related claim is not resolved in our favor. These claims have not had a material impact on the Company to date, and the Company believes that the likelihood that a future material adverse outcome will result from these claims is remote. However, if facts and circumstances change in the future, the Company cannot be certain that an adverse outcome of one or more of these claims would not have a material adverse effect on the Company's financial condition, results of operations or cash flows.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>13. Stockholders' Equity </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Changes in outstanding shares of common stock for the past three years were as follows: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(shares in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Beginning balances</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">20,007</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">19,807</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">19,713</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Stock issuances</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Stock option exercises</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">332</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">146</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">94</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Restricted stock grants</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">65</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">55</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Restricted stock forfeitures</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Stock issued in lieu of director retainer</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Ending balances</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">20,405</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">20,007</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">19,807</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has not declared or paid any cash or non-cash dividends on any class of stock during the years ended December&#160;31, 2011, 2010 and 2009.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>14. Stock-Based Compensation </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company maintains two award plans under which stock-based compensation has been granted, the 2006 Stock Option Plan (the "2006 Plan") and the 2007 Long-Term Incentive Plan (Amended and Restated as of May&#160;5, 2011) (the "LTIP"). Upon the adoption of the LTIP, awards were no longer granted under the 2006 Plan. The LTIP was approved by our shareholders and provides for grants of (a)&#160;incentive stock options qualified as such under U.S. federal income tax laws, (b)&#160;stock options that do not qualify as incentive stock options, (c)&#160;stock appreciation rights, (d)&#160;restricted stock awards, (e)&#160;performance awards, (f)&#160;phantom stock, (g)&#160;stock bonuses, (h)&#160;dividend equivalents, or (i)&#160;any combination of such awards. The LTIP permits the granting of up to 3,000,000 shares to directors, officers and other employees of the Company. Grants of awards to employees are approved by the Compensation Committee of the Board of Directors and grants to independent members of the Board of Directors are approved by the Board of Directors. All awards are made with an exercise price or base price, as the case may be, that is not less than the full fair market value per share. No stock option or stock appreciation right may be exercised more than 10&#160;years from the date of grant. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Shares issued as a result of stock option exercises or stock grants may be made available from authorized unissued shares of Common Stock or treasury stock. The Company believes that it currently has adequate authorized unissued shares and treasury stock to meet any requirements to issue shares during 2012. The Company has been given authorization from the Board of Directors to use its discretion to repurchase shares from time-to-time based upon the volume of stock options that have been exercised. To date, the Company has not made any such repurchases. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Stock Options </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company uses the Black-Scholes-Merton option-pricing model to estimate the fair value of each stock option grant as of the date of grant. The resulting compensation cost for fixed awards with graded vesting schedules is amortized on a straight-line basis over the vesting period for the entire award. The expected term of awards granted under the LTIP is determined using the simplified method as outlined in the applicable ASC 718 and SAB No.&#160;110 guidance. The expected volatility is determined based on the average of comparable public companies', deemed competitors of the Company, historical stock prices over the most recent period commensurate with the expected term of the award. The risk-free interest rate is based on U.S. Treasury zero-coupon issues with a remaining term commensurate with the expected term of the award. The expected dividend yield is based on our intent to not issue cash dividends in the foreseeable future. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The following summarizes the assumptions used in determining the fair value of stock options granted for fixed awards with graded vesting schedules during the years ended December&#160;31, 2011 and 2010. These options vest ratably over a three-year period. No options were granted during the year ended December&#160;31, 2009. </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="center" width="51"></td> <td style="FONT-FAMILY: times" width="16"></td> <td style="FONT-FAMILY: times" align="center" width="51"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>2010 </b></font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Risk-free interest rate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">2.41%</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">2.95%</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Expected dividend yield</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">0.0%</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">0.0%</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Weighted average expected volatility</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">49%</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">50%</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Expected term</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">6.0&#160;years</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">6.0&#160;years</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Weighted average grant-date fair value</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">$11.88</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">$8.72</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;A summary of the activity relating to the options outstanding under the Company's plans for the years ended December&#160;31, 2011, 2010 and 2009 is presented below. </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="55"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="47"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="left" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="69"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Options </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Weighted-<br /> Average<br /> Exercise<br /> Price </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Weighted-<br /> Average<br /> Remaining<br /> Contractual<br /> Term </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Aggregate<br /> Intrinsic<br /> Value<br /> (in thousands) </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at January&#160;1, 2009</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1,913,442</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">6.30</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Granted</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.00</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Exercised</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(94,610</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">3.71</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Forfeited</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(1,500</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">13.00</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at December&#160;31, 2009</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1,817,332</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">6.43</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">6.9&#160;years</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">21,118</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Granted</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">106,912</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">17.18</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Exercised</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(145,715</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">4.60</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Forfeited</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(12,276</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">13.57</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at December&#160;31, 2010</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1,766,253</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">7.18</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">6.1&#160;years</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">24,398</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Granted</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">90,080</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">24.18</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Exercised</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(332,099</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">4.12</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Forfeited</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(8,850</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">14.89</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Expired</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(500</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">13.00</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at December&#160;31, 2011</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1,514,884</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">8.82</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">5.5&#160;years</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">16,083</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Exercisable at December&#160;31, 2011</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">1,355,743</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">7.39</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">5.1&#160;years</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">15,932</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The following table summarizes information with respect to stock options outstanding under the Company's plans at December&#160;31, 2011. </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="55"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="47"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="left" width="56"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="55"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="47"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="7"><font size="1"><b>Options Outstanding </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5"><font size="1"><b>Options Exercisable </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" nowrap="nowrap" align="left"> <div style="MARGIN-BOTTOM: 0pt; WIDTH: 78pt; BORDER-BOTTOM: #000000 1pt solid"><font size="1"><b>Exercise Price Ranges <!-- COMMAND=ADD_SCROPPEDRULE,78pt --></b></font></div></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Number Of<br /> Options </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Weighted-<br /> Average<br /> Exercise<br /> Price </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Weighted-<br /> Average<br /> Remaining<br /> Contractual<br /> Term </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Number Of<br /> Options </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Weighted-<br /> Average<br /> Exercise<br /> Price </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">$3.65 - $9.00</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">833,119</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3.69</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">4.5&#160;years</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">831,244</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3.68</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">$9.01 - $18.00</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">592,525</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13.72</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">6.4&#160;years</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">524,499</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13.27</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">$18.01 - $24.18</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">89,240</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">24.18</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">9.2&#160;years</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">n/a</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,514,884</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8.82</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">5.5&#160;years</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,355,743</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">7.39</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b><i>Restricted Stock </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For the twelve months ended December&#160;31, 2011, the Company granted restricted stock awards covering 47,918 shares of common stock to various employees, including the Company's named executive officers, and 17,367 shares of common stock to eligible members of the Board of Directors. The restricted stock awards granted to employees vest as follows: 41,230 shares vest ratably, on an annual basis, over a five-year period beginning on March&#160;24, 2012, and 6,688 shares cliff vest on May&#160;12, 2016. The restricted stock awards granted to the eligible members of the Board of Directors vest ratably, on an annual basis, over a three-year period. During the restriction period, the restricted stockholders are entitled to the same rights as a common stockholder with respect to the shares, including the right to vote and receive dividends. These restricted stock awards are also subject to certain claw-back provisions, as defined in the grant agreements. The grant date fair value of the restricted stock was as follows: $24.18 for 58,597 shares and $24.67 for 6,688 shares, which was equal to the closing market price of the Company's common stock on the date of grant. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Following is a summary of restricted stock activity for the two-year period ending December&#160;31, 2011: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="82"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Number of<br /> Shares </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Weighted-Average<br /> Grant Date Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at January&#160;1, 2010</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Granted</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">54,502</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17.15</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Cancelled</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(557</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17.18</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at December&#160;31, 2010</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">53,945</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17.15</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Granted</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">65,285</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">24.23</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Vested</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(11,128</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17.13</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Cancelled</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,264</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17.74</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at December&#160;31, 2011</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">106,838</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">21.47</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b><i>Performance Awards </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For the twelve months ended December&#160;31, 2011, the Company granted performance stock awards covering 34,179 shares of common stock, at target level, to certain key management personnel, including the Company's named executive officers. The grant date fair value of the performance stock awards was $24.18, which was equal to the closing market price of the Company's common stock on the date of grant. The performance stock awards will cliff vest on December&#160;31, 2013, subject to the achievement of certain specified levels of the Company's average return-on-equity ("ROE") over the performance period. If the Company achieves an ROE that is equal to or greater than the threshold ROE, as defined in the grant agreements, the payment of the performance stock awards will vary depending upon the actual ROE that the Company achieves over the performance period, with the potential payout ranging from a minimum of 50% to a maximum of 200% of the target award. However, if the Company were to achieve an ROE that is less than the threshold ROE, there would not be any payout under these awards and the awards would be forfeited. Additionally, these performance stock awards are subject to certain claw-back provisions, as defined in the grant agreements. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Following is a summary of performance stock award activity for the two-year period ending December&#160;31, 2011: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="82"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Number of<br /> Shares </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Weighted-Average<br /> Grant Date Fair<br /> Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at January&#160;1, 2010</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Granted</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,741</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17.18</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Cancelled</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(485</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17.18</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at December&#160;31, 2010</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">40,256</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17.18</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Granted</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">34,179</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">24.18</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Outstanding at December&#160;31, 2011</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">74,435</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">20.39</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="right">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2"><b><i>Stock-based Compensation Expense </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company recognized stock-based compensation expense of approximately $2.1&#160;million, $1.6&#160;million and $0.9&#160;million for the years ended December&#160;31, 2011, 2010 and 2009, respectively, in selling, general and administrative expenses. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Cash received from option exercises for the years ended December&#160;31, 2011, 2010 and 2009 was $1.4&#160;million, $0.7&#160;million and $0.4&#160;million, respectively. The excess tax benefit realized from option exercises during 2011, 2010 and 2009 was $1.3&#160;million, $0.2&#160;million and $0.2&#160;million, respectively. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The total intrinsic value of stock options exercised during 2011, 2010 and 2009 was $6.6&#160;million, $1.9&#160;million and $1.6&#160;million, respectively. The total fair value of stock options vested during the years ended December&#160;31, 2011, 2010 and 2009 was $1.2&#160;million, $0.9&#160;million and $0.9&#160;million, respectively. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of December&#160;31, 2011, there was approximately $3.6&#160;million of total unrecognized stock-based compensation expense related to awards granted under the LTIP, net of estimated forfeitures. This included $1.0&#160;million of unrecognized compensation cost related to non-vested stock options to be recognized over a remaining weighted average vesting period of approximately 1.9&#160;years, $1.8&#160;million of unrecognized compensation cost related to non-vested restricted stock expected to be recognized over a remaining weighted average vesting period of approximately 3.6&#160;years and $0.8&#160;million of unrecognized compensation cost related to non-vested performance awards, expected to be recognized over a remaining weighted average vesting period of approximately 1.8&#160;years. </font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>16. Supplemental Cash Flows </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Supplemental disclosures of cash flow information are as follows for the years ended December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 86.14%; PADDING-TOP: 0pt; POSITION: relative; HEIGHT: 260px"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="39"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Cash paid during the period for:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Income taxes</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">9,151</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">6,358</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">7,621</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Interest expense</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">524</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">968</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">768</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 12pt; MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Noncash investing activities:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 12pt; MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Acquisition of property and equipment for which payment is pending</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 901</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 3,349</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 202</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Acquisition of property and equipment through like-kind exchange of similar assets</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">2,924</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Acquisition of property and equipment under capital lease obligations</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">87</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>17. Segment Information </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;MYR Group is a specialty contractor serving the electrical infrastructure market in the United States. Performance measurement and resource allocation for the reporting segments are based on many factors. The primary financial measures used to evaluate the segment information are contract revenues and income from operations, excluding general corporate expenses. General corporate expenses include corporate headquarters facility and staffing costs, which includes safety, professional fees, management fees, and intangible amortization. The accounting policies of the segments are the same as those described in the Summary of Significant Accounting Policies. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company derives revenues from two reporting segments, which are referred to as T&amp;D and C&amp;I, within the United States. The Company has two operating segments which are its reporting segments. The Company's reporting segments are as follows: </font></p> <p style="FONT-FAMILY: times"><font size="2"><i>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Transmission and Distribution:</i></font><font size="2">&#160;&#160;&#160;&#160;The T&amp;D segment provides a broad range of services which includes design, engineering, procurement, construction, upgrade, maintenance and repair services with a particular focus on construction, maintenance and repair throughout the continental United States. T&amp;D services include the construction and maintenance of high voltage transmission lines, substations and lower voltage underground and overhead distribution systems. The T&amp;D segment also provides emergency restoration services in response to hurricane, ice or other storm-related damage. The Company is a national contractor serving electric utilities, private developers, cooperatives, municipalities and other transmission owners. </font></p> <p style="FONT-FAMILY: times"><font size="2"><i>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Commercial and Industrial:</i></font><font size="2">&#160;&#160;&#160;&#160;The C&amp;I segment provides electrical contracting services, typically as a subcontractor, for facilities such as airports, convention centers, hospitals, hotels, data centers, casinos, arenas, processing facilities, water treatment facilities, manufacturing plants and transportation control and management systems. C&amp;I services are generally focused on the Arizona and Colorado regional markets. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The information in the following table for the years ended December&#160;31, 2011, 2010 and 2009 is derived from the segment's internal financial reports used for corporate management purposes. </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="8"><font size="1"><b>For the Year Ended December&#160;31, </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Contract revenues:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">T&amp;D</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">622,000</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">447,458</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">468,744</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">C&amp;I</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">158,356</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">149,619</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">162,424</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">780,356</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">597,077</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">631,168</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Income from operations:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">T&amp;D</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">52,053</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">36,613</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">37,961</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">C&amp;I</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,833</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">7,091</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">11,609</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">General Corporate</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(28,257</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(17,199</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(22,047</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">29,629</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">26,505</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">27,523</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Depreciation and amortization</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">T&amp;D</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">18,426</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">14,820</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">12,579</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">C&amp;I</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,085</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,470</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">946</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">19,511</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">16,290</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13,525</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company does not identify capital expenditures and total assets by segment in its internal financial reports due in part to the shared use of a centralized fleet of vehicles and specialized equipment. Identifable assets, consisting of contract receivables, costs and estimated earnings in excess of billings on uncompleted contracts, construction materials inventory, goodwill and intangibles for each segment are as follows as of December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">T&amp;D</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">182,016</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">147,411</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">C&amp;I</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">49,492</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">46,612</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">181,060</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">186,125</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">412,568</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">380,148</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>18. Earnings Per Share </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company computes earnings per share using the two-class method, an earnings allocation formula that determines earnings per share for common stock and participating securities according to dividends declared and participation rights in undistributed earnings, when that method results in a more dilutive effect than the Treasury method. The Company's unvested grants of restricted stock contain non-forfeitable rights to dividends, should any be declared, and are treated as participating securities and included in the computation of earnings per share. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Net income available to common shareholders and the weighted average number of common shares used to compute basic and diluted earnings per share was as follows for the years ended December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="45"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands except per share data)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Numerator:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Net income</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">18,298</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">16,122</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">17,235</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Less: Net income allocated to participating securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">(97</font></td> <td style="FONT-FAMILY: times"><font size="2">)</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">&#8212;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Net income available to common shareholders</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">18,201</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">16,122</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">17,235</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Denominator:</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Weighted average common shares outstanding</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,151</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">19,883</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">19,755</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Weighted average dilutive securities</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">842</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">899</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">947</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Weighted average common shares outstanding, diluted</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,993</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,782</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">20,702</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Income per common share, basic</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.90</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.81</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.87</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Income per common share, diluted</font></p></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.87</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.78</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2">0.83</font></td> <td style="FONT-FAMILY: times"><font size="2">&#160;</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Potential common shares related to the assumed exercise of stock options are not included in the denominator of the diluted earnings per share calculation if the inclusion of such shares would either be anti-dilutive or if the exercise prices of those common stock equivalents were greater than the average market price of the Company's common stock for the period. For the years ended December&#160;31, 2011 and 2010, outstanding stock options of 89,240 and 105,242, respectively, were excluded as common stock equivalents from the diluted earnings per share calculation. Additionally, for the years ended December&#160;31, 2011 and 2010, potential common shares related to the unvested portion of performance awards of 51,879 and 40,256, respectively, were excluded from the denominator of the diluted earnings per share calculation as the underlying performance obligation was not met as of the end of those periods. </font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>19. Quarterly Financial Data (Unaudited) </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The following table presents the unaudited consolidated operating results by quarter for the years ended December&#160;31, 2011 and 2010: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="67"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="64"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="11"><font size="1"><b>For the Three Months Ended </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands, except per share data)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>March&#160;31, </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>June&#160;30, </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>September&#160;30, </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>December&#160;31, </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Fiscal 2011:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Revenues</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">150,294</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">185,310</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">210,489</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">234,263</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Gross profit</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">21,589</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">19,539</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">19,813</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">24,625</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Net income</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,500</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,717</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">4,221</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">5,860</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Basic earnings per share</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.23</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.19</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.21</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.29</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Diluted earnings per share</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.21</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.18</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.20</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.28</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-TOP: 12pt; MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Fiscal 2010:</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Revenues</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">148,889</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">140,285</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">152,767</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">155,136</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Gross profit</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">15,169</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">16,713</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">17,036</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">21,802</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Net income</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">2,780</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,353</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">3,901</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6,088</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Basic earnings per share</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.14</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.17</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.20</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.31</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 20pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Diluted earnings per share</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.13</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.16</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.19</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">0.29</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Earnings per share amounts for each quarter are required to be computed independently using the weighted average number of shares outstanding during the period. As a result, the sum of the individual quarterly earnings per share amounts may not agree to the earnings per share calculated for the year. </font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>20. Subsequent Events </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Subsequent to December&#160;31, 2011, we paid our outstanding revolving debt of $10.0&#160;million.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>1. Organization and Business </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;MYR Group&#160;Inc. ("the Company") is a holding company of specialty electrical construction service providers and is comprised of six operating subsidiaries: The L. E. Myers&#160;Co., a Delaware corporation; Hawkeye Construction,&#160;Inc., an Oregon corporation; Harlan Electric Company, a Michigan corporation; Sturgeon Electric Company,&#160;Inc., a Michigan corporation; MYR Transmission Services,&#160;Inc., a Delaware corporation; ComTel Technology&#160;Inc., a Colorado corporation; MYRpower,&#160;Inc., a Delaware corporation and Great Southwestern Construction,&#160;Inc., a Colorado corporation. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company performs construction services in two business segments: Transmission and Distribution ("T&amp;D"), and Commercial and Industrial ("C&amp;I"). T&amp;D customers include electric utilities, cooperatives and municipalities nationwide. The Company provides a broad range of services which includes design, engineering, procurement, construction, upgrade, maintenance and repair services with a particular focus on construction, maintenance and repair throughout the continental United States. The Company also provides C&amp;I electrical contracting services to facility owners and general contractors in the western United States.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>2. Summary of Significant Accounting Policies </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Consolidation </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The accompanying consolidated financial statements include the results of operations of the Company and its subsidiaries. Significant intercompany transactions and balances have been eliminated. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Revenue Recognition </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Revenues under long-term contracts are accounted for under the percentage-of-completion method of accounting. Under the percentage-of-completion method, the Company estimates profit as the difference between total estimated revenue and total estimated cost of a contract and recognizes that profit over the contract term based on either input (e.g.,&#160;costs incurred under the cost-to-cost method which is typically used for development effort) or output (e.g.,&#160;units delivered under the units-of-delivery method, which is used for production effort), as appropriate under the circumstances. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Revenues from the Company's construction services are performed under fixed-price, time-and-equipment, time-and-materials, unit-price, and cost-plus fee contracts. For fixed-price contracts, the Company uses the ratio of cost incurred to date on the contract (excluding uninstalled direct materials) to management's estimate of the contract's total cost, to determine the percentage of completion on each contract. This method is used as management considers expended costs to be the best available measure of progression of these contracts. Contract cost includes all direct material, subcontract and labor costs and those indirect costs related to contract performance, such as supplies, tool repairs and depreciation. The Company recognizes revenues from construction services with fees based on time-and-materials, unit prices, or cost-plus fee as the services are performed and amounts are earned. Revenue on unit-price contracts is recognized as units are completed, and on cost-plus fee contracts as costs are incurred. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Contract costs incurred to date and expected total contract costs are continuously monitored during the term of the contract. Changes in job performance, job conditions, change orders and final contract settlements may result in revisions to the estimated profitability during the contract. These changes, which include contracts with estimated costs in excess of estimated revenues, are recognized in contract costs in the period in which the revisions are determined. At the point the Company anticipates a loss on a contract, the Company estimates the ultimate loss through completion and recognizes that loss in the period in which the possible loss was identified. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company will provide warranties to customers on a basis customary to the industry; however, the warranty period does not typically exceed one year. Historically, warranty claims have not been material to the Company. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Use of Estimates </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. Actual results could differ from those estimates. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The most significant estimates are related to estimates to complete on contracts, insurance reserves, the accounts receivable reserve, the recoverability of goodwill and intangibles and estimates surrounding stock-based compensation. Actual results could differ from these estimates. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Reclassification </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Certain amounts reported previously have been reclassified to conform to the current year presentation. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Advertising </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Advertising costs are expensed when incurred. Advertising costs, included in selling, general and administrative expenses, were $0.4&#160;million, $0.4&#160;million and $0.3&#160;million for the years ended December&#160;31, 2011, 2010 and 2009, respectively. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Income Taxes </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recorded for future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that are expected to be in effect when the underlying assets or liabilities are recovered or settled. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Interest and penalties related to uncertain income tax positions are included in income tax expense in the accompanying consolidated statements of operations. Interest and penalties actually incurred are charged to interest expense and other expense, respectively. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Stock-Based Compensation </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company determines compensation expense for stock-based awards based on the estimated fair values at the grant date and recognizes the related compensation expense over the vesting period. The Company uses the straight-line attribution method to recognize compensation expense related to share-based awards that have graded vesting and only service conditions. This method recognizes stock compensation expense on a straight-line basis over the requisite service period for the entire award. Stock-based compensation expense is adjusted for changes in estimated and actual forfeitures. The Company uses historical data to estimate the forfeiture rate that it uses; however, these estimates are subject to change and may impact the value that will ultimately be recognized as stock compensation expense. The Company recognizes stock-based compensation expense related to performance awards based upon its determination of the potential achievement of the performance target at each reporting date, net of estimated forfeitures. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Earnings Per Share </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company computes earnings per share using the two-class method, an earnings allocation formula that determines earnings per share for common stock and participating securities according to dividends declared and participation rights in undistributed earnings, when that method results in a more dilutive effect than the Treasury method. The Company's unvested grants of restricted stock contain non-forfeitable rights to dividends and are treated as participating securities and included in the computation of basic earnings per share. The Company calculates basic earnings per share by dividing net income available to common shareholders by the weighted average number of shares outstanding for the reporting period. Diluted earnings per share is computed similarly, except that it reflects the potential dilutive impact that would occur if dilutive securities were exercised into common shares. Potential common shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive or performance conditions are not met. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Cash Equivalents </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. As of December&#160;31, 2011, the Company held the majority of its cash in highly liquid money market funds. As of December&#160;31, 2010, the Company held the majority of its cash in highly liquid money market funds and short-term certificates of deposit held on account under the Certificate of Deposit Account Registry Services (CDARS) program, whereby the Company had the ability to invest or withdraw any portion of its investment holdings on a daily basis. The aggregate amount of certificates of deposits on account under the CDARS program was approximately $15.0&#160;million at December&#160;31, 2010. The Company did not have any certificates of deposits on account under the CDARS program at December&#160;31, 2011. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Accounts Receivable </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company does not charge interest to its customers and carries its customer receivables at their face amounts, less an allowance for doubtful accounts. Included in accounts receivable are balances billed to customers pursuant to retainage provisions in certain contracts that are due upon completion of the contracts and acceptance by the customer. Based on the Company's experience in recent years, the majority of customer balances at each balance sheet date are collected within twelve months. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company grants trade credit, on a non-collateralized basis (with the exception of lien rights against the property in certain cases), to its customers and is subject to potential credit risk related to changes in business and overall economic activity. The Company analyzes specific accounts receivable balances, historical bad debts, customer credit-worthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In the event that a customer balance is deemed to be uncollectible the account balance is written-off against the allowance for doubtful accounts. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Classification of Construction Contract-related Assets and Liabilities </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Costs and estimated earnings in excess of billings on uncompleted contracts are presented as an asset in the accompanying consolidated balance sheets, and billings in excess of costs and estimated earnings on uncompleted contracts are presented as a liability in the accompanying consolidated balance sheets. The Company's contracts vary in duration, with the duration of some larger contracts exceeding one year. Consistent with industry practices, the Company includes in current assets and current liabilities amounts realizable and payable under contracts, which may extend beyond one year; however, the vast majority of these balances are settled within one year. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Construction Materials Inventory </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;From time-to-time, construction materials are acquired for active projects. Construction materials which have not yet been installed are included in construction materials inventory. Construction materials inventories are stated at the lower of cost or market, as determined by the specific identification method. As of December&#160;31, 2011, the Company had $4.0&#160;million in construction materials inventory. As of December&#160;31, 2010, the Company did not carry any construction materials inventory. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Property and Equipment </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Property and equipment are carried at cost. Depreciation for buildings and improvements, including land improvements, is computed using the straight-line method over estimated useful lives ranging from two years to thirty-nine years. Depreciation for construction equipment, including large tool purchases, is computed using the straight line method over estimated useful lives ranging from two years to twelve years. Depreciation for office equipment is computed using the straight line method over the estimated useful lives ranging from two years to seven years. Major modifications or refurbishments which extend the useful life of the assets are capitalized and depreciated over the adjusted remaining useful life of the assets. Upon retirement or disposition of property and equipment, the cost and related accumulated depreciation are removed and any resulting gain or loss is recognized into income (loss) from operations. The cost of maintenance and repairs is charged to expense as incurred. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Insurance </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company carries insurance policies, which are subject to certain deductibles, for workers' compensation, general liability, automobile liability and other coverages. The deductible for each line of coverage is between $1.0&#160;million and $1.5&#160;million per claim, depending on whether the claim aggregate has been met. Once a policy's claim aggregate is reached per line of coverage, the deductible for that policy is reduced to $1.0&#160;million per claim. Health insurance benefits are subject to a $0.1&#160;million deductible for qualified individuals. Losses up to the stop loss amounts are accrued based upon the Company's estimates of the ultimate liability for claims reported and an estimate of claims incurred but not yet reported. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The insurance and claims accruals are based on known facts, actuarial estimates and historical trends. While recorded accruals are based on the ultimate liability, which includes amounts in excess of the stop loss deductible, a corresponding receivable for amounts in excess of the stop loss deductible is included in current assets in the consolidated balance sheets. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Impairment of Long-Lived Assets </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company assesses the impairment of its long-lived assets, including property and equipment, whenever economic events or changes in circumstances indicate that the carrying amounts of the assets may not be recoverable. Long-lived assets are considered to be impaired when the sum of the expected future undiscounted operating cash flows is less than the carrying amount of the related assets. No impairment charges were recorded during 2011, 2010 or 2009. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Goodwill and Other Intangible Assets </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Goodwill and other intangible assets with indefinite lives are not amortized. Intangible assets with finite lives are amortized on a pattern of estimated cash flow basis over their estimated useful lives or straight line if a pattern cannot be determined. The Company tests goodwill and other intangible assets with indefinite lives for impairment on an annual basis at the beginning of the fourth quarter, or when circumstances change, such as a significant adverse change in the business climate or the decision to sell a business, both of which would indicate that an impairment may have occurred. The Company applies the two step process in the evaluation of goodwill impairment. The first step involves a comparison of the fair value of the reporting unit with its carrying value. If the carrying amount of the reporting unit exceeds its fair value, the second step of the process involves a comparison of the implied fair value and carrying value of the goodwill of that reporting unit. If the carrying value of goodwill exceeds its implied fair value, an impairment charge is recorded in the statement of operations. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As a result of the Company's annual impairment testing process, no impairment charges to goodwill or other intangible assets were recorded during 2011, 2010 or 2009. Our annual impairment test performed in 2011 determined that the fair values of our reporting units significantly exceeded the carrying values of those units. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Concentrations </i></b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial instruments that potentially subject us to a concentration of credit risk consist principally of cash and cash equivalents and accounts receivable. We maintain substantially all of our cash and cash equivalent balances with large financial institutions which are believed to be high quality institutions. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;We grant trade credit under normal payment terms, generally without collateral, to our customers, which include high credit quality electric power companies, governmental entities, general contractors and builders, owners and managers of commercial and industrial properties located in the United States. Consequently, we are subject to potential credit risk related to changes in business and economic factors throughout the United States. However, we generally have certain statutory lien rights with respect to services provided. Under certain circumstances such as foreclosures or negotiated settlements, we may take title to the underlying assets in lieu of cash in settlement of receivables. As of December&#160;31, 2011, one customer individually exceeded 10.0% of consolidated accounts receivable with approximately 12.2% of the total consolidated accounts receivable amount (excluding the impact of allowance for doubtful accounts). As of December&#160;31, 2010, two customers individually exceeded 10.0% of consolidated accounts receivable with an aggregate of approximately 34.4% of the total consolidated accounts receivable amount (excluding the impact of allowance for doubtful accounts). Management believes the terms and conditions in its contracts, billing and collection policies are adequate to minimize the potential credit risk. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;We are subject to a concentration of risk because we derive a significant portion of our revenues from a few customers. The Company's top ten customers accounted for approximately 58.1%, 61.6%, and 55.0% of consolidated revenues for the years ended December&#160;31, 2011, 2010 and 2009, respectively. One customer, Dominion Resources,&#160;Inc., accounted for 19.3% and 12.5% of our revenues for the years ended December&#160;31, 2010 and 2009, respectively. Another customer, National Grid, accounted for 10.6% of our revenues for the year ended December&#160;31, 2010. No other customer accounted for more than 10.0% of revenues for the years ended December&#160;31, 2011, 2010 and 2009. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of December&#160;31, 2011, approximately 88% of the Company's field labor employees were covered by collective bargaining agreements. Although the majority of these agreements prohibit strikes and work stoppages, the Company cannot be certain that strikes or work stoppages will not occur in the future.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>4. Fair Value Measurements </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company uses the three-tier hierarchy of fair value measurement, which prioritizes the inputs used in measuring fair value based upon their degree of availability in external active markets. These tiers include: Level&#160;1 (the highest priority), defined as observable inputs, such as quoted prices in active markets; Level&#160;2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level&#160;3 (the lowest priority), defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of December&#160;31, 2011 and 2010, the carrying value of cash and cash equivalents, accounts receivable and accounts payable, as well as amounts included in other current assets and other current liabilities that meet the definition of financial instruments, approximated fair value due to the short-term maturities of these instruments. The carrying value of revolving borrowings under the credit facilities at December&#160;31, 2011 approximated fair value because the borrowings have short maturities and the interest rates are based upon variable reference rates. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company used a discounted cash flow technique that incorporated a market interest rate adjusted for risk profile based upon Level&#160;3 inputs to determine the fair value of its term loans, which were classified as long-term debt, at December&#160;31, 2010. The carrying amount reported in the consolidated balance sheet as of December&#160;31, 2010 for the term loans was $30.0&#160;million. The Company estimated the fair value of its term loans to be $29.6&#160;million at December&#160;31, 2010. The Company had no term loans outstanding as of December&#160;31, 2011.</font></p></td></tr></table> 247000 33000 351000 44000 -28932000 29680000 748000 23911000 -5498000 219000 -7035000 13781000 1898000 -886000 4919000 -17968000 6604000 85000 3876000 247000 923000 13190000 44837000 -4369000 944000 19842000 -1718000 -662000 340000 -1441000 6520000 85000 1743000 198000 1603000 15955000 42076000 521000 45000 MYR GROUP INC. 0000700923 10-K 2011-12-31 false --12-31 Yes Accelerated Filer 2011 FY No No 4003000 4003000 <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>5. Accounts Receivable </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Accounts receivable consisted of the following at December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="51"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Contract receivables</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">99,121</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">81,968</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Contract retainages</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">28,299</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">25,930</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Other</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">569</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">221</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">127,989</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">108,119</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Less: Allowance for doubtful accounts</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,078</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(947</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times">&#160;</p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">126,911</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">107,172</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The roll-forward activity of allowance for doubtful accounts was as follows for the years ended December&#160;31: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 15%; WIDTH: 70%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="44"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="44"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="7"></td> <td style="FONT-FAMILY: times" width="44"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"><b>(in thousands)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Balance at beginning of period</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(947</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,114</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,845</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Reduction in (provision for) allowances</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(159</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">161</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">718</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2">Write offs, net of recoveries</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">28</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">6</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">13</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"><font size="2"><b>Balance at end of period</b></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,078</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(947</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">(1,114</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2">)</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div></td></tr></table> 25047000 -28610000 -4500000 197000 141159000 14003000 155359000 1000 350000 351000 247000 923000 247000 923000 198000 142679000 31238000 174115000 2000 669000 671000 198000 198000 1603000 1603000 200000 145149000 47360000 192709000 3000 1290000 1266000 1266000 2130000 2130000 203000 149877000 65658000 215738000 1287000 17235000 17235000 16122000 16122000 18298000 18298000 45000 45000 80000 <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>3. Recently Issued and Proposed Accounting Pronouncements </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Changes to U.S.&#160;GAAP are typically established by the Financial Accounting Standards Board ("FASB") in the form of accounting standards updates ("ASUs") to the FASB's Accounting Standards Codification ("ASC"). The Company considers the applicability and impact of all ASUs. The Company, based on its assessment, determined that any recently issued or proposed ASUs not listed below are either not applicable to the Company or have minimal impact on our consolidated financial statements. </font></p> <p style="FONT-FAMILY: times"><font size="2"><i>Recently Issued Accounting Pronouncements </i></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In December 2011, the FASB issued ASU No.&#160;2011-11, </font><font size="2"><i>Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities</i></font><font size="2">. The update requires entities to disclose information about offsetting and related arrangements of financial instruments and derivative instruments. ASU 2011-11 is effective for annual reporting periods beginning on or after January&#160;1, 2013, and interim periods within those annual periods. The Company currently believes there will be no significant impact of adopting this standard on its consolidated financial statements. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In September 2011, the FASB issued ASU No.&#160;2011-09, </font><font size="2"><i>Compensation-Retirement Benefits-Multiemployer Plans (Subtopic 715-80): Disclosures about an Employer's Participation in a Multiemployer Plan.</i></font><font size="2"> This update requires enhanced disclosures in the annual financial statements of employers that participate in multiemployer plans. Under the new guidance, employers are required to explain the general nature of multiemployer pension plans and their participation in the plans, including how the plans are different from single-employer plans. In addition, certain disclosures are required in tabular format for each multiemployer plan that is individually significant to an employer's financial statements. The guidance also requires a description of the nature and effect of any significant changes affecting comparability of the employer's total contributions from period to period. The ASU was adopted by the Company in December 2011 and retrospectively applied. There was no impact to the Company's financial position, results of operations or cash flows as the changes related only to additional disclosures. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In September 2011, the FASB issued ASU No.&#160;2011-08, </font><font size="2"><i>Intangibles-Goodwill and Other (Topic 350): Testing Goodwill for Impairment.</i></font><font size="2"> This update was intended to simplify how entities test goodwill for impairment. ASU 2011-08 permits an entity to first assess qualitative factors to determine whether it is "more-likely-than-not" that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in ASC 350. The "more-likely-than-not" threshold is defined as having a likelihood of more than 50%. ASU 2011-08 was effective for annual and interim goodwill impairment tests performed for reporting periods beginning after December&#160;15, 2011. The Company does not expect the adoption of the provisions of ASU 2011-08 in 2012 to have an effect on the Company's financial position, results of operations or cash flows. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In January 2010, the FASB issued ASU No.&#160;2010-06 to ASC 820 which required new disclosures and clarified existing disclosures about fair value measurement. Specifically, this update amends ASC&#160;820 to now require: (a)&#160;a reporting entity to disclose separately the amounts of significant transfers in and out of Level&#160;1 and Level&#160;2 fair value measurements and to describe the reasons for the transfers; and (b)&#160;in the reconciliation for fair value measurements using significant unobservable inputs, a reporting entity should present separately information about purchases, sales, issuances, and settlements. In addition, this update clarifies the requirements of the following existing disclosures: (a)&#160;for purposes of reporting fair value measurement for each class of assets and liabilities, a reporting entity needs to use judgment in determining the appropriate classes of assets and liabilities; and (b)&#160;a reporting entity should provide disclosures about the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements. This update became effective for interim and annual reporting periods beginning after December&#160;15, 2009, except for the disclosures about purchases, sales, issuances, and settlements in the roll forward of activity in Level&#160;3 fair value measurements, which became effective for interim and reporting periods beginning after December&#160;15, 2010. The adoption of this standard modification did not have an impact on the Company's consolidated financial condition, results of operations or cash flows, and there were no material impacts to the Company's financial statement disclosures. </font></p> <p style="FONT-FAMILY: times"><font size="2"><i>Proposed Accounting Pronouncements </i></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In June 2010, the FASB issued an exposure draft, </font><font size="2"><i>Revenue from Contracts with Customers</i></font><font size="2">, which would supersede most of the existing guidance on revenue recognition in Accounting Standards Codification ("ASC") Topic 605, </font><font size="2"><i>Revenue Recognition</i></font><font size="2">. In November 2011, the FASB re-exposed this draft. As the standard-setting process is still ongoing, the Company is unable to determine the impact this proposed change in accounting will have to our consolidated financial statements at this time. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In August 2010, the FASB issued an exposure draft, </font><font size="2"><i>Leases</i></font><font size="2">, which would result in significant changes to the accounting requirements for both lessees and lessors in ASC Topic 840, </font><font size="2"><i>Leases</i></font><font size="2">. In July 2011, the FASB announced its intention to re-expose the draft which is currently scheduled to re-expose in the first half of 2012. As the standard-setting process is still ongoing, the Company is unable to determine the impact this proposed change in accounting will have in the Company's consolidated financial statements at this time.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>10. Debt and Borrowing Arrangements </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On December&#160;21, 2011, the Company entered into a five-year syndicated credit agreement (the "Credit Agreement") for an initial facility of $175.0&#160;million. The Credit Agreement replaced our previously existing $75.0&#160;million revolving credit facility and $10.0&#160;million term loan. The Credit Agreement will mature on December&#160;21, 2016. The entire facility is available for revolving loans and the issuance of letters of credit and up to $25.0&#160;million of the facility is available for swingline loans. The Company has the option to increase the commitments under the Credit Agreement or enter into incremental term loans, subject to certain conditions, by up to an additional $75.0&#160;million upon receipt of additional commitments from new or existing lenders. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Revolving loans under the Credit Agreement bear interest, at the Company's option, at either (1)&#160;the ABR, which is the greatest of the Prime Rate, the Federal Funds Effective Rate plus 0.50% or the adjusted LIBO rate plus 1.00%, plus in each case an applicable margin ranging from 0.00% to 1.00%; or (2)&#160;the adjusted LIBO rate plus an applicable margin ranging from 1.00% to 2.00%. The applicable margin is determined based on the Company's leverage ratio. Letters of credit issued under the Credit Agreement are subject to a letter of credit fee of 1.00% to 2.00%, based on the Company's leverage ratio and a fronting fee of 0.125%. Swingline loans bear interest at the ABR. The Company is currently required to pay a 0.2% commitment fee on the unused portion of the credit facility. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Subject to certain exceptions, the Credit Agreement is secured by substantially all of the assets of the Company and its subsidiaries and by a pledge of all of the capital stock of the Company's subsidiaries. The Company's subsidiaries also guarantee the repayment of all amounts due under the Credit Agreement. The Credit Agreement provides for customary events of default. If an event of default occurs and is continuing, on the terms and subject to the conditions set forth in the Credit Agreement, amounts outstanding under the Credit Agreement may be accelerated and may become or be declared immediately due and payable. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Under the Credit Agreement, the Company is subject to certain financial covenants, a leveraged debt ratio and a minimum interest coverage ratio and the Company was in compliance at December&#160;31, 2011. The Credit Agreement also contains a number of covenants including limitations on asset sales, investments, indebtedness and liens. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As of December&#160;31, 2011, the Company had $10.0&#160;million in revolving loans outstanding under the Credit Agreement at an interest rate of 1.31%, and approximately $17.2&#160;million in letters of credit outstanding under the facility at an interest rate of 1.13%. As of December&#160;31, 2011, we had $147.8 million available for borrowing under the Credit Agreement. As of December&#160;31, 2010, the Company had $30.0&#160;million outstanding in term loans under the 2007 Credit Agreement at an interest rate of 1.31%, and a $15.0&#160;million letter of credit outstanding under the revolving portion of that facility at an interest rate of 1.13%.</font></p></td></tr></table> <table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>15. Employee Benefit Plans </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has a profit sharing and thrift employee benefit plan in effect for all eligible salaried employees. Company contributions under this defined contribution plan are based upon a percentage of income with limitations as defined by the plan. Contributions for the years ended December&#160;31, 2011, 2010 and 2009 amounted to $3.9&#160;million, $1.8&#160;million, and $2.7&#160;million, respectively. The Company also has an employee benefit plan in effect for certain non-union hourly employees. Company contributions under this defined contribution plan are based upon a percentage of income with limitations as defined by the plan. Contributions for the years ended December&#160;31, 2011, 2010 and 2009 amounted to $0.5&#160;million, $0.3&#160;million and $0.9&#160;million, respectively. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company contributes to a number of multiemployer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. A defined benefit pension plan promises an employee a specified monthly benefit on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service, age or other data, rather than depending on investment returns. The Company's employees that are covered under the multiemployer defined benefit plans are represented by approximately 96 locals. The related collective bargaining agreements between those organizations and the Company expire at different times, with the longest expiring in September 2015. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The risks of participating in these multiemployer defined benefit plans are different from single-employer plans in the following aspects: </font></p> <ul> <li style="list-style: none"> <dl compact="compact"> <dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"><font size="2">1)</font> </dt> <dd style="FONT-FAMILY: times"><font size="2">Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. <br /> <br /></font></dd> <dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"><font size="2">2)</font> </dt> <dd style="FONT-FAMILY: times"><font size="2">If a participating employer stops contributing to a plan, the unfunded obligations of the plan may be borne by the remaining participating employers. <br /> <br /></font></dd> <dt style="MARGIN-BOTTOM: -11pt; FONT-FAMILY: times"><font size="2">3)</font> </dt> <dd style="FONT-FAMILY: times"><font size="2">If the Company chooses to stop participating in some of its multiemployer plans, it may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. </font></dd></dl></li></ul> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has no plans to withdraw from any multiemployer defined benefit plans that it currently participates in. The plans do not maintain information on the net assets and actuarial present value of the plans' unfunded vested benefits allocable to the Company, and the amounts, if any, for which the Company may be contingently liable, could be material but are not ascertainable at this time. The Company's participation in significant multiemployer defined benefit plans for the annual periods ended December&#160;31, 2009 through December&#160;31, 2011 is outlined in the table below. The "EIN/Pension Plan Number" column provides the Employee Identification Number (EIN) and the three-digit plan number, if applicable. The most recent Pension Protection Act (PPA) zone status available in 2011 and 2010 is for the plan's year-end indicated in the table. The zone status is based on information that the Company received from the plan. Among other factors, plans in the red zone are generally less than 65&#160;percent funded, plans in the yellow zone are less than 80&#160;percent funded, and plans in the green zone are at least 80&#160;percent funded. The "Funding Plan" column indicates plans for which a financial improvement plan or a rehabilitation plan is either pending or has been implemented. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Also listed in the table below are the significant multiemployer defined contribution plans that the Company contributes to. Defined contribution plans are retirement plans to which the Company contributes a fixed amount each pay period as long as the Company has employees covered under the plan. Future benefits to the employee from defined contribution plans are not guaranteed and fluctuate on the basis of investment earnings, and therefore the Company is not obligated to make payments other than current contributions for employees currently employed. </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 54%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="1"><!-- COMMAND=ADD_TABLEWIDTH,"150%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="150%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="center" width="40"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="center" width="16"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="center" width="25"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="center" width="53"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="center" width="25"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="center" width="53"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="right" width="4"></td> <td style="FONT-FAMILY: times" width="28"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="right" width="4"></td> <td style="FONT-FAMILY: times" width="28"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="right" width="4"></td> <td style="FONT-FAMILY: times" width="28"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="center" width="31"></td> <td style="FONT-FAMILY: times" width="6"></td> <td style="FONT-FAMILY: times" align="center" width="46"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Pension Fund </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="3"><font size="1"><b>EIN/Pension<br /> Plan Number </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="7"><font size="1"><b>Pension Protection Act Zone Status </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="8"><font size="1"><b>Contributions to Plan<br /> (in thousands) </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Funding<br /> Plan </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Min<br /> Future<br /> Contrib </b></font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="FONT-FAMILY: times" align="left"><font size="1">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="FONT-FAMILY: times" align="left"><font size="1">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Status </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Plan Year End </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Status </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Plan Year End </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2011 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2010 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="FONT-FAMILY: times" align="left"><font size="1">&#160;</font><br /></th> <th style="FONT-FAMILY: times"><font size="1">&#160;</font></th> <th style="FONT-FAMILY: times" align="left"><font size="1">&#160;</font><br /></th></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"><font size="1"><i>Defined Benefit Plans:</i></font></p></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"><font size="1">National Electrical Benefit Fund</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="1">53-0181657</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="1">001</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="1">Green</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="1">6/30/2010</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="1">Green</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="1">6/30/2009</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="1">5,138</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="1">4,187</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="1">4,444</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="1">No</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="1">3% of wages</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"><font size="1">Eighth District Electrical Pension Fund</font></p></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">84-6100393</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">001</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">Green</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">3/31/2012</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">Green</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">3/31/2011</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">3,752</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">4,605</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">4,071</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">Yes</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">$2.11/hr</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"><font size="1">IBEW Local 1249 Pension Plan</font></p></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">15-6035161</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">001</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">Red</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">12/31/2010</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">Red</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">12/31/2009</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">2,749</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">3,933</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">1,259</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">Yes</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">$6.85/hr</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 7pt; MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"><font size="1"><i>Defined Contribution Plans:</i></font></p></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"><font size="1">National Electrical Annuity Plan</font></p></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">52-6132372</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">001</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">n/a</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">n/a</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">14,564</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">10,263</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">12,857</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">n/a</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">n/a</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"><font size="1">Eighth District Electrical Pension Fund Annuity Plan</font></p></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">84-6100393</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">002</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">n/a</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">n/a</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">2,429</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">3,065</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">3,127</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">n/a</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">n/a</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 7pt; MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"><font size="1"><i>All other funds:</i></font></p></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1"><br /> 4,508</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1"><br /> 4,742</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1"><br /> 3,969</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="center">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-LEFT: 6pt; TEXT-INDENT: -6pt; FONT-FAMILY: times"><font size="1">Total Contributions:</font></p></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="center"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">33,140</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">30,795</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">$</font></td> <td style="FONT-FAMILY: times" align="right"><font size="1">29,727</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td> <td style="FONT-FAMILY: times"><font size="1">&#160;</font></td></tr> <tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top"> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom" align="center">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td> <td style="FONT-FAMILY: times" valign="bottom">&#160;</td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The changes in contributions between periods to the multiemployer plans are primarily due to the change in the number of Company employees covered by the plans and the amount that those employees work. In particular, the Eighth District covers employees in Colorado, Idaho, Wyoming and Utah, where the number of employees decreased in 2011 due to fewer projects in those areas. There was a corresponding decrease in contributions to the Eighth District Electrical Pension Fund and the Eighth District Electrical Pension Fund Annuity Plan in 2011. The increase in IBEW Local 1249 contributions in 2010 compared to 2009 was related to an increase in employees working for one particular customer, and fewer employees were needed for that customer's work in 2011, resulting in lower contributions in this year. The National Electrical Benefit Fund requires contributions totaling 3% of all wages paid to the Company's employees who are represented by the IBEW and the changes in contributions to that fund are solely due to the changes in the amount of wages paid between those periods. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company was listed in the Eighth District Electrical Pension Fund's Form&#160;5500 as providing more than 5&#160;percent of the total contributions to that plan for the plan years ending March&#160;31, 2011, 2010 and 2009. The Company was listed in the IBEW Local 1249 Pension Plan's Form&#160;5500 as providing more than 5&#160;percent of the total contributions to that plan for the plan year ending December&#160;31, 2010.</font></p></td></tr></table> 10000000 1370000 20425576 464000000