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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash $ 14,702 $ 39,832
Accounts receivable, net of allowances for doubtful accounts of $107 at December 31, 2015 and $83 at March 31, 2016 34,926 28,812
Unbilled revenue on completed projects 11,661 11,755
Costs in excess of billings on uncompleted projects 21,600 21,060
Inventories 13,480 15,352
Prepaid expenses and other current assets 5,567 3,394
Income tax receivable 204 204
Total current assets 102,140 120,409
Property and equipment, net of accumulated depreciation of $33,862 at December 31, 2015 and $34,129 at March 31, 2016 20,927 21,089
Deposits and other assets 2,514 2,553
Insurance collateral 14,735 15,035
Intangible assets, net of accumulated amortization of $14,508 at December 31, 2015 and $15,138 at March 31, 2016 13,782 14,412
Goodwill 69,178 69,178
Total assets 223,276 242,676
Current Liabilities    
Line of credit 573  
Accounts payable 50,984 45,886
Accrued expenses 45,018 57,194
Income taxes payable 328 311
Billings in excess of costs on uncompleted projects 4,372 6,061
Deferred revenue 1,760 2,295
Deferred rent 93 115
Current portion of capital lease and notes payable obligations 966 775
Total current liabilities 104,094 112,637
Notes payable, net of deferred financing cost 316,647 315,748
Capital lease obligations 255 400
Accrued expenses, non-current 6,689 6,921
Deferred revenue, non-current 7,995 8,973
Deferred tax liability 1,714 1,714
Deferred rent, non-current 447 414
Total liabilities 437,841 446,807
Shareholders' Deficit    
Common stock, $0.01 par value, 10,000,000 shares authorized; 1,029,072 issued and 912,754 outstanding at December 31, 2015 and March 31, 2016 10 10
Treasury stock, at cost, 116,318 shares at December 31, 2015 and March 31, 2016 (11,756) (11,756)
Additional paid-in capital 26,458 25,914
Accumulated other comprehensive income 27 18
Accumulated deficit (229,304) (218,317)
Total shareholders' deficit (214,565) (204,131)
Total liabilities and shareholders' deficit $ 223,276 $ 242,676