Property and Equipment

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

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



	As of December 31,
	2017			2016
Construction equipment	$	118,868		$	121,441
Transportation equipment	17,511			19,017
Buildings	9,577			12,771
Office equipment	3,339			3,108
Leasehold improvement	914			914
Construction in progress	258			313
Land	2,348			3,509
Water rights	200			200
	153,015			161,273
Less accumulated depreciation	(98,609		)	(93,146		)
	$	54,406		$	68,127

Assets Sold

During the twelve months ended December 31, 2017, we sold an office, equipment shop and yard facility, located in Texas. The property had a net book value of $4.1 million, and we received $3.0 million, after selling costs. As such, we recorded a loss of approximately $1.1 million in “Other operating expense, net” for the twelve months ended December 31, 2017.

On August 24, 2015, the Company completed the sale of a parcel of land located in Harris County, Texas to Joseph P. Harper, Sr., former President and Chief Operating Officer of the Company. Proceeds received were approximately $2.4 million. Upon completion of the sale, the Company recognized a gain of approximately $1.4 million included in “Other operating expense, net” on the consolidated statement of operations.