XML 12 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,759 $ 8,684
Accounts receivable:    
Trade, net of allowance of $4,280 and $4,280, respectively 99,292 77,641
Retainage 36,889 30,734
Other current 2,134 4,257
Income taxes receivable 865 467
Inventory 907 1,056
Costs and estimated earnings in excess of billings on uncompleted contracts 23,641 9,217
Prepaid expenses and other 4,947 5,000
Total current assets 171,434 137,056
Property and equipment, net of depreciation 135,045 148,003
Operating lease right-of-use assets, net of amortization 21,510 0
Financing lease right-of-use assets, net of amortization 8,238 0
Inventory, non-current 7,495 7,598
Goodwill 0 0
Intangible assets, net of amortization 13,467 14,787
Other non-current 5,600 5,426
Total assets 362,789 312,870
Current liabilities:    
Current debt, net of debt issuance costs 2,939 2,946
Accounts payable:    
Trade 48,175 42,023
Retainage 845 736
Accrued liabilities 13,902 18,840
Income taxes payable 409 0
Billings in excess of costs and estimated earnings on uncompleted contracts 51,964 21,761
Current portion of operating lease liabilities 5,677 0
Current portion of financing lease liabilities 2,935 0
Total current liabilities 126,846 86,306
Long-term debt, net of debt issuance costs 78,386 76,119
Operating lease liabilities 16,485 0
Financing lease liabilities 4,291 0
Other long-term liabilities 2,846 8,759
Deferred income taxes 92 49
Interest rate swap liability 1,094 52
Total liabilities 230,040 171,285
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, 30,215,084 and 29,611,989 issued; 29,503,853 and 28,900,758 outstanding at June 30, 2019 and December 31, 2018, respectively 302 296
Treasury stock, 711,231 shares, at cost, as of June 30, 2019 and December 31, 2018, respectively (6,540) (6,540)
Other comprehensive loss (1,094) (52)
Additional paid-in capital 181,499 179,742
Retained loss (41,418) (31,861)
Total stockholders’ equity 132,749 141,585
Total liabilities and stockholders’ equity $ 362,789 $ 312,870