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Credit Arrangements (Tables)
 12 Months Ended
Dec. 31, 2012
Credit Arrangements  
Schedule of credit facilities and long-term debt

 

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Commercial notes payable to a bank with interest rates from 2.16% to 4.12%. Monthly principal and interest payments are due in the amount of $518, with the final payment due December 23, 2016. The notes are secured by certain construction and automotive equipment of the Company

 

$

18,988

 

$

26,243

 

 

 

 

 

 

 

Commercial note payable to a bank with an interest rate of 4.71%. Principal and interest payments are due in the amount of $140 per month until the maturity date on July 1, 2017. The note is secured by certain construction equipment of the Company

 

6,800

 

8,125

 

 

 

 

 

 

 

Construction equipment note payable to a commercial equipment finance company, with an interest rate of 3.67% per annum. Principal and interest payments are due in the amount of $101 per month until the maturity date on December 31, 2017. The note is secured by certain construction equipment of the Company

 

5,550

 

6,543

 

 

 

 

 

 

 

Commercial notes payable to a bank with interest rates from 2.63% to 3.50%. Monthly principal and interest payments are due in the amount of $226, with the final payment due June 15, 2017. The notes are secured by certain construction and automotive equipment of the Company

 

10,441

 

12,811

 

 

 

 

 

 

 

Construction equipment note payable to a commercial equipment finance company, with an interest rate of 2.14% per annum. Principal and interest payments are due in the amount of $281 per month until the maturity date on November 30, 2016. The note is secured by certain construction equipment of the Company

 

12,935

 

16,000

 

 

 

 

 

 

 

Construction equipment notes payable to a commercial equipment finance company, with an interest rate of 2.23% to 2.44% per annum. Principal and interest payments are due in the amount of $294 per month until the maturity date on November 1, 2019. These notes are secured by certain construction and automotive equipment of the Company

 

21,713

 

—

 

 

 

 

 

 

 

Commercial notes payable to a commercial equipment finance company, with an interest rate of 2.05% to 3.51% per annum. Principal and interest payments are due in the amount of $193 per month until the maturity date on December 21, 2019. The notes are secured by certain construction equipment and real estate of the Company

 

17,800

 

—

 

 

 

 

 

 

 

Construction equipment note payable to a commercial equipment finance company, with an interest rate of 2.06% per annum. Principal and interest payments are due in the amount of $68 per month until the maturity date on August 13, 2017. The note is secured by certain construction equipment of the Company

 

3,586

 

—

 

 

 

 

 

 

 

Senior Secured Notes payable to an insurance finance company, with an interest rate of 3.65% per annum. Quarterly interest payments are due starting March 31, 2013. Principal repayments start on December 28, 2016 until the maturity date on December 28, 2022. The notes are secured by the assets of the Company

 

50,000

 

—

 

 

 

 

 

 

 

Total long-term debt

 

147,813

 

69,722

 

Less: current portion

 

(19,446

)

(13,870

)

Long-term debt, net of current portion

 

$

128,367

 

$

55,852

 

 
Schedule of maturities of long-term debt

 

 

 

 

Year Ending
December 31,

 

2013

 

$

19,446

 

2014

 

20,002

 

2015

 

18,605

 

2016

 

25,116

 

2017

 

15,286

 

Thereafter

 

49,358

 

 

 

$

147,813