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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 305 $ 1,345
Accounts receivable:    
Trade, net of allowance of $0 and $0, respectively 92,202 72,358
Retainage 40,201 35,433
Other current 4,634 5,313
Income taxes receivable 133 83
Inventory 5,392 4,867
Deferred tax asset 2,013 3,108
Costs and estimated earnings in excess of billings on uncompleted contracts 39,968 59,608
Assets held for sale 6,375 6,375
Prepaid expenses and other 3,885 4,627
Total current assets 195,108 193,117
Property and equipment, net 158,082 165,989
Accounts receivable, non-current 733 222
Inventory, non-current 3,998 6,218
Goodwill 66,351 65,982
Intangible assets, net of amortization 22,032 29,319
Other non-current 1,372 615
Total assets 447,676 461,462
Current liabilities:    
Current debt, net of debt issuance costs 19,188 12,004
Accounts payable:    
Trade 49,123 52,719
Retainage 893 1,671
Accrued liabilities 19,946 22,149
Taxes payable 689 813
Billings in excess of costs and estimated earnings on uncompleted contracts 27,681 28,484
Total current liabilities 117,520 117,840
Long-term debt, net of debt issuance costs 82,077 94,605
Other long-term liabilities 2,493 1,813
Deferred income taxes 19,000 19,345
Interest rate swap liability 382 145
Total liabilities 221,472 233,748
Commitments and contingencies
Stockholders’ equity:    
Preferred stock -- $0.01 par value, 10,000,000 authorized, none issued 0 0
Other comprehensive loss (382) (145)
Common stock -- $0.01 par value, 50,000,000 authorized, 28,405,850 and 27,992,589 issued; 27,694,626 and 27,281,358 outstanding at December 31, 2016 and December 31, 2015, respectively 283 279
Treasury stock, 711,231 and 711,231 shares, at cost December 31, 2016 and December 31, 2015, respectively (6,540) (6,540)
Additional paid-in capital 171,079 168,736
Retained earnings 61,764 65,384
Total stockholders’ equity 226,204 227,714
Total liabilities and stockholders’ equity $ 447,676 $ 461,462