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Note 7 - Property and Equipment
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
7.
Property and Equipment
 
Property and equipment are summarized as follows (amounts in thousands):
 
    June 30,
2017
  December 31,
2016
Construction equipment   $
120,991
    $
121,441
 
Transportation equipment    
19,060
     
19,017
 
Buildings    
8,713
     
12,771
 
Office equipment    
3,108
     
3,108
 
Leasehold improvement    
914
     
914
 
Construction in progress    
317
     
313
 
Land    
3,509
     
3,509
 
Water rights    
200
     
200
 
     
156,812
     
161,273
 
Less accumulated depreciation    
(95,537
)    
(93,146
)
Total property and equipment, net   $
61,275
    $
68,127
 
 
During the quarter ended
June 30, 2017,
we entered into a definitive agreement to sell
one
of our Texas subsidiary’s office, equipment shop and yard facility, which is in Texas. The property had a net book value of
$4.1
million, and we expect to receive
$3.2
million, after selling costs, once the transaction has closed in the
third
quarter of
2017.
As such, we have reclassified and included in “other current assets” in our condensed consolidated balance sheet and recorded a
$0.9
million write-down to fair value that has been recorded in “other operating income (expense), net” for the quarter ended
June 30, 2017.