XML 74 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CONSOLIDATED STATEMENTS OF INCOME      
Revenues $ 1,541,734 $ 1,460,150 $ 941,765
Cost of revenues 1,349,024 1,274,947 818,976
Gross profit 192,710 185,203 122,789
Selling, general and administrative expenses 96,424 86,204 64,985
Operating income 96,286 98,999 57,804
Other income (expense):      
Income from non-consolidated entities 186 4,018 4,630
Foreign exchange gain (loss) (36) (96) 250
Other expense (870) (1,088) (1,429)
Interest income 157 331 616
Interest expense (3,619) (5,431) (6,196)
Income before provision for income taxes 92,104 96,733 55,675
Provision for income taxes (33,837) (38,174) (22,059)
Net income 58,267 58,559 33,616
Less net income attributable to noncontrolling interests (1,511)    
Net income attributable to Primoris $ 56,756 $ 58,559 $ 33,616
Dividends per common share (in dollars per share) $ 0.12 $ 0.11 $ 0.10
Earnings per share attributable to Primoris:      
Basic (in dollars per share) $ 1.10 $ 1.15 $ 0.79
Diluted (in dollars per share) $ 1.10 $ 1.14 $ 0.72
Weighted average common shares outstanding:      
Basic (in shares) 51,391 50,707 42,694
Diluted (in shares) 51,406 51,153 46,878