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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 9,201 $ 9,086
Accounts receivable:    
Trade, net of allowance of $0 and $0, respectively 72,714 84,953
Retainage 39,568 39,189
Other current 4,612 3,706
Income taxes receivable 388 339
Inventory 3,719 4,386
Costs and estimated earnings in excess of billings on uncompleted contracts 42,706 46,006
Prepaid expenses and other 6,408 4,124
Total current assets 179,316 191,789
Property and equipment, net 144,868 146,278
Inventory, non-current 4,894 4,915
Goodwill 69,483 69,483
Intangible assets, net of amortization 17,328 18,175
Other non-current 6,544 2,645
Total assets 422,433 433,285
Current liabilities:    
Current debt, net of debt issuance costs 17,931 22,756
Accounts payable:    
Trade 36,130 45,194
Retainage 2,369 1,990
Accrued liabilities 15,642 17,873
Taxes payable 238 256
Billings in excess of costs and estimated earnings on uncompleted contracts 35,769 33,923
Total current liabilities 108,079 121,992
Long-term debt, net of debt issuance costs 59,972 63,185
Other long-term liabilities 3,521 3,573
Deferred income taxes 14,361 13,243
Interest rate swap liability 0 26
Total liabilities 185,933 202,019
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, 29,007,726 and 28,860,961 issued; 28,296,502 and 28,149,737 outstanding at March 31, 2018 and December 31, 2017, respectively 290 288
Treasury stock, 711,231 shares, at cost, as of March 31, 2018 and December 31, 2017, respectively (6,540) (6,540)
Other comprehensive income (loss) 243 (26)
Additional paid-in capital 175,845 174,697
Retained earnings 66,662 62,847
Total stockholders’ equity 236,500 231,266
Total liabilities and stockholders’ equity $ 422,433 $ 433,285