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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 34,458 $ 15,852
Accounts receivable—net 64,779 51,940
Contract revenues in excess of billings 17,953 77,907
Inventories 28,112 34,432
Prepaid expenses 4,710 5,031
Other current assets 31,907 38,605
Assets held for sale 24,779 38,417
Total current assets 206,698 262,184
PROPERTY AND EQUIPMENT—Net 369,863 396,925
GOODWILL 76,576 76,576
INVENTORIES—Noncurrent 61,264 54,023
ASSETS HELD FOR SALE— Noncurrent 5,110 29,561
OTHER 10,760 13,088
TOTAL 730,271 832,357
LIABILITIES AND EQUITY    
Accounts payable 71,537 65,153
Accrued expenses 48,351 51,926
Billings in excess of contract revenues 17,793 2,586
Revolving credit facility 11,500  
Current portion of long-term debt   1,212
Liabilities held for sale 13,940 29,373
Total current liabilities 163,121 150,250
LONG-TERM DEBT 321,950 333,141
REVOLVING CREDIT FACILITY 11,500 95,000
DEFERRED INCOME TAXES 22,846 25,561
LIABILITIES HELD FOR SALE— Noncurrent 146 773
OTHER 7,280 6,336
Total liabilities 515,343 611,061
COMMITMENTS AND CONTINGENCIES (Note 12)
EQUITY:    
Common stock—$.0001 par value; 90,000 authorized, 62,830 and 61,897 shares issued; 62,552 and 61,619 outstanding at December 31, 2018 and December 31, 2017, respectively. 6 6
Treasury stock, at cost (1,433) (1,433)
Additional paid-in capital 295,135 289,821
Accumulated deficit (74,971) (67,101)
Accumulated other comprehensive income (loss) (3,809) 3
Total equity 214,928 221,296
TOTAL $ 730,271 $ 832,357