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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,845 $ 3,784
Accounts receivable:    
Trade, net of allowance for credit losses of $515 and $606, respectively 99,612 106,758
Retainage 52,870 50,873
Income taxes receivable 399 402
Other current 3,830 3,526
Inventory 2,791 2,862
Contract assets 30,020 43,903
Prepaid expenses and other 9,789 8,229
Total current assets 202,156 220,337
Property and equipment, net of depreciation 97,307 100,977
Operating lease right-of-use assets, net of amortization 14,765 14,978
Financing lease right-of-use assets, net of amortization 15,202 15,839
Inventory, non-current 5,464 5,469
Intangible assets, net of amortization 7,155 7,317
Deferred income tax asset 73 70
Other non-current 2,065 2,168
Total assets 344,187 367,155
Current liabilities:    
Current debt, net of debt issuance costs 40,122 34,956
Accounts payable:    
Trade 72,033 87,605
Retainage 1,188 1,198
Accrued liabilities 20,839 18,466
Income taxes payable 1,210 522
Contract liabilities 36,573 37,720
Current portion of operating lease liabilities 4,936 4,738
Current portion of financing lease liabilities 3,486 4,031
Total current liabilities 180,387 189,236
Long-term debt, net of debt issuance costs (93) 716
Operating lease liabilities 10,609 11,018
Financing lease liabilities 10,882 11,102
Other long-term liabilities 16,577 17,072
Deferred income tax liability 268 211
Total liabilities 218,630 229,355
Stockholders' equity:    
Preferred stock -- $0.01 par value, 10,000,000 authorized, none issued
Common stock -- $0.01 par value, 50,000,000 authorized, 32,885,972 and 32,770,550 issued; 32,174,741 and 32,059,319 outstanding at March 31, 2023 and December 31, 2022, respectively 329 328
Treasury stock, 711,231 shares, at cost, as of March 31, 2023 and December 31, 2022, respectively (6,540) (6,540)
Additional paid-in capital 188,535 188,184
Retained loss (56,767) (44,172)
Total stockholders' equity 125,557 137,800
Total liabilities and stockholders' equity $ 344,187 $ 367,155