XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
CURRENT ASSETS:    
Cash and cash equivalents $ 25,435 $ 40,757
Accounts receivable, less allowance for doubtful accounts of $6,405 and $6,333, respectively 271,499 256,959
Other receivables 9,699 12,376
Inventories 9,601 9,638
Prepaid expenses and other 25,900 25,037
Costs and estimated earnings in excess of billings 33,842 26,204
Assets related to discontinued operations 1,257 1,582
Total current assets 377,233 372,553
PROPERTY AND EQUIPMENT, NET 41,496 41,416
GOODWILL 114,588 114,588
IDENTIFIABLE INTANGIBLE ASSETS, NET 42,586 44,515
OTHER NONCURRENT ASSETS 7,705 7,682
Total assets 583,608 580,754
CURRENT LIABILITIES:    
Current maturities of long-term debt 300 300
Accounts payable 100,565 100,641
Accrued compensation and benefits 35,647 36,892
Billings in excess of costs and estimated earnings 75,284 73,814
Accrued self-insurance expense 30,284 29,096
Other current liabilities 27,704 27,077
Liabilities related to discontinued operations 439 767
Total current liabilities 270,223 268,587
LONG-TERM DEBT, NET OF CURRENT MATURITIES 2,100 2,100
NOTES TO FORMER OWNERS 5,000 5,000
DEFERRED INCOME TAX LIABILITIES 7,589 7,954
OTHER LONG-TERM LIABILITIES 9,920 9,807
Total liabilities 294,832 293,448
COMMITMENTS AND CONTINGENCIES      
STOCKHOLDERS' EQUITY:    
Preferred stock, $.01 par, 5,000,000 shares authorized, none issued and outstanding      
Common stock, $.01 par, 102,969,912 shares authorized, 41,123,365 and 41,123,365 shares issued, respectively 411 411
Treasury stock, at cost, 3,889,635 and 3,879,299 shares, respectively (41,143) (41,012)
Additional paid-in capital 316,440 317,534
Retained earnings (deficit) (3,996) (6,528)
Comfort Systems USA, Inc. stockholders' equity 271,712 270,405
Noncontrolling interests 17,064 16,901
Total stockholders' equity 288,776 287,306
Total liabilities and stockholders' equity $ 583,608 $ 580,754