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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,512 $ 1,345
Accounts receivable:    
Trade, net of allowance of $0 and $0, respectively 68,599 72,358
Retainage 34,994 21,040
Other current 3,592 5,313
Income taxes receivable 83 83
Inventory 5,395 4,867
Deferred tax asset 3,108 3,108
Costs and estimated earnings in excess of billings on uncompleted contracts 48,401 59,608
Assets held for sale 6,375 6,375
Prepaid expenses and other 3,766 4,627
Total current assets 175,825 178,724
Property and equipment, net 164,384 165,989
Accounts receivable, non-current 765 222
Retainage, non-current 4,337 14,393
Inventory, non-current 4,911 6,218
Goodwill 66,351 65,982
Intangible assets, net of amortization 25,676 29,319
Other noncurrent 1,085 615
Total assets 443,334 461,462
Current liabilities:    
Current debt, net of debt issuance costs 21,365 12,004
Accounts payable:    
Trade 41,533 52,719
Retainage 1,002 1,671
Accrued liabilities 15,998 22,149
Taxes payable 507 813
Billings in excess of costs and estimated earnings on uncompleted contracts 27,039 28,484
Total current liabilities 107,444 117,840
Long-term debt, net of debt issuance costs 88,356 94,605
Other long-term liabilities 2,216 1,813
Deferred income taxes 18,165 19,345
Interest rate swap liability 1,242 145
Total liabilities 217,423 233,748
Commitments and contingencies
Stockholders’ equity:    
Preferred stock -- $0.01 par value, 10,000,000 authorized, none issued 0 0
Common stock -- $0.01 par value, 50,000,000 authorized, 28,393,898 and 27,992,589 issued; 27,682,667 and 27,281,358 outstanding at June 30, 2016 and December 31, 2015, respectively 279 279
Treasury stock, 711,231 and 711,231 shares, at cost, as of June 30, 2016 and December 31, 2015, respectively (6,540) (6,540)
Accumulated other comprehensive loss (1,242) (145)
Additional paid-in capital 170,046 168,736
Retained earnings 63,368 65,384
Total stockholders’ equity 225,911 227,714
Total liabilities and stockholders’ equity $ 443,334 $ 461,462