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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 18,804 $ 37,296
Restricted cash 71 122
Accounts receivable, less allowance for doubtful accounts 149,280 138,346
Insurance recoverable - environmental remediation 49,934 40,927
Restricted investments 5,959 6,701
Income taxes refundable 75 412
Prepaid expenses and other current assets 24,122 10,499
Total current assets 248,245 234,303
Property and equipment    
Land and building 4,824 480
Equipment, furniture and fixtures 63,105 58,734
Leasehold improvements 6,124 5,380
Property and equipment, gross 74,053 64,594
Less accumulated depreciation and amortization (51,593) (50,885)
Property and equipment, net 22,460 13,709
Goodwill 75,337 37,024
Intangible assets, net 45,969 9,304
Deferred income tax assets 26,239 18,924
Long-term restricted investments 18,420 18,385
Long-term prepaid insurance 23,425 25,929
Other assets 18,383 5,303
Total assets 478,478 362,881
Current liabilities:    
Current portion of long-term debt 18,339 50
Current portion of capital lease obligations 0 166
Accounts payable 29,311 31,999
Accrued compensation and benefits 48,485 47,233
Deferred revenue 15,363 10,612
Environmental remediation liabilities 8,654 8,695
Income taxes payable 265 3,271
Other accrued liabilities 58,026 42,170
Total current liabilities 178,443 144,196
Non-current liabilities:    
Long-term debt, net of current portion 79,243 55
Long-term income taxes payable 2,204 1,647
Deferred revenue 65,340 68,579
Environmental remediation liabilities 433 489
Total liabilities 325,663 214,966
Commitments and contingencies
Equity:    
Common stock, $.10 par value; 40,000,000 shares authorized, 31,087,084 and 31,083,602 shares issued and outstanding, respectively, at June 30, 2016, and 30,485,510 and 30,482,028 shares issued and outstanding, respectively, at June 30, 2015 3,109 3,049
Additional paid-in capital 195,156 191,321
Accumulated deficit (45,898) (45,939)
Accumulated other comprehensive loss (71) (88)
Treasury stock, at cost (33) (33)
Total stockholders' equity applicable to TRC Companies, Inc. 152,263 148,310
Noncontrolling interest 552 (395)
Total equity 152,815 147,915
Total liabilities and equity $ 478,478 $ 362,881