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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 2,659 $ 305
Accounts receivable:    
Trade, net of allowance of $0 and $0, respectively 85,416 92,202
Retainage 34,756 40,201
Other current 3,768 4,634
Income taxes receivable 2,335 133
Inventory 5,430 5,392
Deferred tax asset 0 2,013
Costs and estimated earnings in excess of billings on uncompleted contracts 46,835 39,968
Assets held for sale 0 6,375
Prepaid expenses and other 2,414 3,885
Total current assets 183,613 195,108
Property and equipment, net 148,779 158,082
Accounts receivable, non-current 0 733
Inventory, non-current 3,885 3,998
Goodwill 69,470 66,351
Intangible assets, net of amortization 19,165 22,032
Other noncurrent 1,794 1,372
Total assets 426,706 447,676
Current liabilities:    
Current debt, net of debt issuance costs 13,078 19,188
Accounts payable:    
Trade 53,283 49,123
Retainage 1,405 893
Accrued liabilities 18,407 19,946
Taxes payable 3,053 689
Billings in excess of costs and estimated earnings on uncompleted contracts 34,419 27,681
Total current liabilities 123,645 117,520
Long-term debt, net of debt issuance costs 66,481 82,077
Other long-term liabilities 3,723 2,493
Deferred income taxes 11,919 19,000
Interest rate swap liability 255 382
Total liabilities 206,023 221,472
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, 28,911,907 and 28,405,850 issued; 28,200,683 and 27,694,626 outstanding at September 30, 2017 and December 31, 2016, respectively 288 283
Treasury stock, 711,231 and 711,231 shares, at cost, as of September 30, 2017 and December 31, 2016, respectively (6,540) (6,540)
Accumulated other comprehensive loss (255) (382)
Additional paid-in capital 173,881 171,079
Retained earnings 53,309 61,764
Total stockholders’ equity 220,683 226,204
Total liabilities and stockholders’ equity $ 426,706 $ 447,676