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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 2,925 $ 10,216
Accounts receivable—net 111,087 118,030
Contract revenues in excess of billings 59,182 74,197
Inventories 26,592 29,866
Prepaid expenses 1,721 2,828
Other current assets 20,465 28,281
Total current assets 221,972 263,418
PROPERTY AND EQUIPMENT—Net 757,924 703,252
OPERATING LEASE ASSETS 71,339 96,099
GOODWILL 76,576 76,576
INVENTORIES—Noncurrent 100,155 95,269
OTHER 13,684 20,489
TOTAL 1,241,650 1,255,103
LIABILITIES AND EQUITY    
Accounts payable 99,158 101,309
Accrued expenses 32,896 41,640
Operating lease liabilities 31,494 47,268
Billings in excess of contract revenues 28,756 25,796
Total current liabilities 192,304 216,013
LONG-TERM DEBT 419,619 448,216
OPERATING LEASE LIABILITIES—Noncurrent 40,979 50,432
DEFERRED INCOME TAXES 92,365 78,985
OTHER 14,514 12,547
Total liabilities 759,781 806,193
COMMITMENTS AND CONTINGENCIES (Note 9)
EQUITY:    
Common stock-$.0001 par value; 170,000 shares authorized, 67,993 and 67,280 shares issued at June 30, 2025 and December 31, 2024, respectively, and 66,681 and 67,280 shares outstanding at June 30, 2025 and December 31, 2024, respectively. 7 7
Treasury stock; 1,312 and zero shares at June 30, 2025 and December 31, 2024, respectively. (11,594)  
Additional paid-in capital 323,613 322,383
Accumulated retained earnings 170,596 127,485
Accumulated other comprehensive loss (753) (965)
Total equity 481,869 448,910
TOTAL $ 1,241,650 $ 1,255,103