Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
 3 Months Ended
Jun. 30, 2011
Intangible Assets [Abstract]  
INTANGIBLE ASSETS
NOTE 6 — INTANGIBLE ASSETS:
     Intangible assets are comprised of the following:
                         
    Gross             Net  
    Carrying     Accumulated     Carrying  
    Amount     Amortization     Amount  
At June 30, 2011
                       
Intangibles subject to amortization:
                       
Backlog
  $ 170     $ 170     $ —  
Customer relationships
    2,700       98       2,602  
 
                 
 
  $ 2,870     $ 268     $ 2,602  
 
                 
 
                       
Intangibles not subject to amortization:
                       
Permits
  $ 10,300     $ —     $ 10,300  
Tradename
    2,500       —       2,500  
 
                 
 
  $ 12,800     $ —     $ 12,800  
 
                 
 
                       
At March 31, 2011
                       
Intangibles subject to amortization:
                       
Backlog
  $ 170     $ 99     $ 71  
Customer relationships
    2,700       53       2,647  
 
                 
 
  $ 2,926     $ 158     $ 2,768  
 
                 
 
                       
Intangibles not subject to amortization:
                       
Permits
  $ 10,300     $ —     $ 10,300  
Tradename
    2,500       —       2,500  
 
                 
 
  $ 12,800     $ —     $ 12,800  
 
                 
     Intangible assets are amortized on a straight line basis over the estimated useful lives. Intangible amortization expense for the three months ended June 30, 2011 and 2010 was $116 and $0, respectively. As of June 30, 2011, amortization expense is estimated to be $135 for the remainder of fiscal 2012 and $180 in each of fiscal 2013, fiscal 2014, fiscal 2015 and fiscal 2016.