XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
CURRENT ASSETS:    
Cash and cash equivalents $ 40,650 $ 52,054
Accounts receivable, less allowance for doubtful accounts of $4,439 and $4,460, respectively 263,165 267,470
Other receivables 14,278 16,373
Inventories 8,893 8,430
Prepaid expenses and other 24,313 24,209
Costs and estimated earnings in excess of billings 32,608 28,122
Assets related to discontinued operations 265 339
Total current assets 384,172 396,997
PROPERTY AND EQUIPMENT, NET 47,769 46,861
GOODWILL 114,588 114,588
IDENTIFIABLE INTANGIBLE ASSETS, NET 36,504 37,383
OTHER NONCURRENT ASSETS 5,811 5,993
Total assets 588,844 601,822
CURRENT LIABILITIES:    
Current maturities of notes to former owners 2,000 2,000
Accounts payable 96,779 100,825
Accrued compensation and benefits 37,630 44,093
Billings in excess of costs and estimated earnings 58,407 64,588
Accrued self-insurance expense 30,110 29,398
Other current liabilities 25,823 28,168
Liabilities related to discontinued operations 339 366
Total current liabilities 251,088 269,438
LONG-TERM DEBT 7,000  
DEFERRED INCOME TAX LIABILITIES 8,936 9,941
OTHER LONG-TERM LIABILITIES 8,068 8,421
Total liabilities 275,092 287,800
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, 3,469,874 and 3,488,438 shares, respectively (37,415) (37,468)
Additional paid-in capital 318,807 318,123
Retained earnings 13,073 14,768
Comfort Systems USA, Inc. stockholders' equity 294,876 295,834
Noncontrolling interests 18,876 18,188
Total stockholders' equity 313,752 314,022
Total liabilities and stockholders' equity $ 588,844 $ 601,822