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Customer Concentrations
 12 Months Ended
Dec. 31, 2011
Customer Concentrations  
Customer Concentrations

Note 16—Customer Concentrations

 

The Company operates in multiple industry segments encompassing the construction of commercial, industrial, and public works infrastructure assets throughout primarily the United States.

 

During the years ended December 31, 2011, 2010 and 2009, the Company earned 46.5%, 41.2% and 35.4%, respectively, of its revenue from the following customers:

 

Description of
Customer’s

 

2011

 

2010

 

2009

 

Business

 

Amount

 

Percentage

 

Amount

 

Percentage

 

Amount

 

Percentage

 

Gas and electric utility

 

$

*

 

 

*

 

$

*

 

 

*

 

$

55,372

 

11.9

%

Gas and electric utility

 

165,373

 

11.3

%

69,212

 

7.3

%

67,071

 

14.4

%

Gas utility

 

*

 

*

 

*

 

*

 

42,354

 

9.1

%

Louisiana DOT

 

239,516

 

16.4

%

193,139

 

20.5

%

*

 

*

 

Public state agency

 

*

 

*

 

47,465

 

5.0

%

*

 

*

 

Gas utility (Ruby Pipeline Project)

 

274,898

 

18.8

%

79,224

 

8.4

%

*

 

*

 

 

 

$

679,787

 

46.5

%

$

389,040

 

41.2

%

$

164,797

 

35.4

%

 

 

(*)                                 Indicates a customer with less than 5% of revenues during such period.

 

For the year ended December 31, 2011, 2010 and 2009, approximately 68.5%, 55.3% and 58.8%, respectively, of total revenues were generated from the top ten customers of the Company in that year.  In each of the years, a different group of customers comprised the top ten customers by revenue.

 

At December 31, 2011, approximately 15.5% of the Company’s accounts receivable were due from one customer, and that customer provided 11.3% of the Company’s revenues for the year ended December 31, 2011.   At December 31, 2010, approximately 25.0% of the Company’s accounts receivable were due from a different customer, which provided 8.4% of the Company’s revenues for the year ended December 31, 2010.