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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,625 $ 8,684
Accounts receivable:    
Trade, net of allowance of $4,280 and $4,280, respectively 84,482 77,641
Retainage 34,382 30,734
Other current 3,064 4,257
Income taxes receivable 600 467
Inventory 910 1,056
Costs and estimated earnings in excess of billings on uncompleted contracts 15,133 9,217
Prepaid expenses and other 4,853 5,000
Total current assets 146,049 137,056
Property and equipment, net of depreciation 136,841 148,003
Operating lease right-of-use assets, net of amortization 22,002 0
Financing lease right-of-use assets, net of amortization 8,618 0
Inventory, non-current 7,534 7,598
Goodwill 0 0
Intangible assets, net of amortization 14,127 14,787
Other non-current 5,620 5,426
Total assets 340,791 312,870
Current liabilities:    
Current debt, net of debt issuance costs 2,950 2,946
Accounts payable:    
Trade 42,611 42,023
Retainage 622 736
Accrued liabilities 13,631 18,840
Taxes payable 533 0
Billings in excess of costs and estimated earnings on uncompleted contracts 35,865 21,761
Current portion of operating lease liabilities 5,595 0
Current portion of financing lease liabilities 2,875 0
Total current liabilities 104,682 86,306
Long-term debt, net of debt issuance costs 76,492 76,119
Operating lease liabilities 17,109 0
Financing lease liabilities 4,862 0
Other long-term liabilities 3,151 8,759
Deferred income taxes 83 49
Interest rate swap liability 336 52
Total liabilities 206,715 171,285
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, 29,786,007 and 29,611,989 issued; 29,074,776 and 28,900,758 outstanding at March 31, 2019 and December 31, 2018, respectively 297 296
Treasury stock, 711,231 shares, at cost, as of March 31, 2019 and December 31, 2018, respectively (6,540) (6,540)
Other comprehensive loss (336) (52)
Additional paid-in capital 180,440 179,742
Retained loss (39,785) (31,861)
Total stockholders’ equity 134,076 141,585
Total liabilities and stockholders’ equity $ 340,791 $ 312,870