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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 6,677 $ 43,646
Trade and other receivables, less allowance for doubtful accounts of $660 and $477 34,394 28,990
Contract assets 74,271 44,502
Inventories 39,376 17,055
Prepaid expenses and other 4,795 6,562
Total current assets 159,513 140,755
Property and equipment, net 103,447 78,756
Other assets 8,390 10,813
Total assets 271,350 230,324
Current liabilities:    
Accounts payable 19,784 7,521
Accrued liabilities 7,547 6,563
Contract liabilities 3,745 2,599
Current portion of capital lease obligations 416 318
Total current liabilities 31,492 17,001
Borrowings on line of credit 11,464
Capital lease obligations, less current portion 839 737
Deferred income taxes 68 941
Other long-term liabilities 8,897 11,381
Total liabilities 52,760 30,060
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued or outstanding
Common stock, $.01 par value, 15,000,000 shares authorized, 9,735,055 and 9,619,755 shares issued and outstanding 97 96
Additional paid-in-capital 118,835 119,856
Retained earnings 101,194 81,757
Accumulated other comprehensive loss (1,536) (1,445)
Total stockholders’ equity 218,590 200,264
Total liabilities and stockholders’ equity $ 271,350 $ 230,324