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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 920 $ 305
Accounts receivable:    
Trade, net of allowance of $0 and $0, respectively 87,619 92,202
Retainage 32,482 40,201
Other current 3,723 4,634
Income taxes receivable 2,335 133
Inventory 5,467 5,392
Deferred tax asset 0 2,013
Costs and estimated earnings in excess of billings on uncompleted contracts 41,829 39,968
Assets held for sale 1,375 6,375
Prepaid expenses and other 3,170 3,885
Total current assets 178,920 195,108
Property and equipment, net 151,501 158,082
Accounts receivable, non-current 1,304 733
Inventory, non-current 3,927 3,998
Goodwill 68,913 66,351
Intangible assets, net of amortization 20,298 22,032
Other noncurrent 1,609 1,372
Total assets 426,472 447,676
Current liabilities:    
Current debt, net of debt issuance costs 13,093 19,188
Accounts payable:    
Trade 47,593 49,123
Retainage 1,167 893
Accrued liabilities 17,471 19,946
Taxes payable 0 689
Billings in excess of costs and estimated earnings on uncompleted contracts 28,951 27,681
Total current liabilities 108,275 117,520
Long-term debt, net of debt issuance costs 72,739 82,077
Other long-term liabilities 3,506 2,493
Deferred income taxes 16,637 19,000
Interest rate swap liability 272 382
Total liabilities 201,429 221,472
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, 28,904,566 and 28,405,850 issued; 28,193,342 and 27,694,626 outstanding at June 30, 2017 and December 31, 2016, respectively 288 283
Treasury stock, 711,231 and 711,231 shares, at cost, as of June 30, 2017 and December 31, 2016, respectively (6,540) (6,540)
Accumulated other comprehensive loss (272) (382)
Additional paid-in capital 173,221 171,079
Retained earnings 58,346 61,764
Total stockholders’ equity 225,043 226,204
Total liabilities and stockholders’ equity $ 426,472 $ 447,676