Property and Equipment

3 Months Ended

Mar. 31, 2012

4.	Property and Equipment

Property and equipment are summarized as follows (in thousands):

	March 31, 2012			December 31, 2011
Construction equipment	$	121,702		$	125,222
Transportation equipment		16,158			17,963
Buildings		7,260			4,729
Office equipment		1,305			1,077
Construction in progress		484			2,544
Land		4,186			3,026
Water rights		200			200
		151,295			154,761
Less accumulated depreciation		(68,615	)		(71,332	)
	$	82,680		$	83,429

Construction in progress at March 31, 2012 consisted primarily of expenditures for a new office in San Antonio, Texas. In addition to the expenditures for the new office in San Antonio, construction in progress at December 31, 2011 consisted primarily of expenditures for a new office in Dallas, Texas which was completed during the three months ended March 31, 2012.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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