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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Cash and cash equivalents $ 21,710 $ 23,400
Current restricted cash 77,140 94,167
Accounts receivable – trade, net of allowance for credit losses of $1.4 million and $1.4 million as of June 30, 2025 and December 31, 2024, respectively 97,699 94,509
Contracts in progress 70,849 79,392
Inventories, net 65,704 64,802
Other current assets 24,461 23,576
Current assets held for sale 169,338 172,668
Total current assets 526,901 552,514
Net property, plant and equipment and finance leases 63,555 60,921
Goodwill 53,440 51,411
Intangible assets, net 17,867 18,699
Right-of-use assets 16,064 16,902
Long-term restricted cash 10,238 10,042
Deferred tax assets 89 0
Other assets 15,336 16,498
Total assets 703,490 726,987
Accounts payable 96,887 92,068
Accrued employee benefits 4,973 3,830
Advance billings on contracts 59,147 57,814
Accrued warranty expense 2,599 2,748
Financing lease liabilities 1,778 1,644
Operating lease liabilities 3,034 3,204
Other accrued liabilities 34,565 28,729
Current borrowings 127,165 125,137
Current liabilities held for sale 90,564 91,477
Total current liabilities 529,293 406,651
Borrowings, net of current portion 8,504 8,556
Pension and other postretirement benefit liabilities 185,887 192,665
Finance lease liabilities, net of current portion 27,671 28,501
Operating lease liabilities, net of current portion 13,022 13,801
Deferred tax liability 11,250 9,800
Other noncurrent liabilities 9,475 9,958
Total liabilities 1,012,176 1,010,159
Stockholders' deficit:    
Preferred stock, par value $0.01 per share, authorized shares of 20,000; issued and outstanding shares 7,669 at June 30, 2025 and December 31, 2024 77 77
Common stock, par value $0.01 per share, authorized shares of 500,000; outstanding shares of 99,189 and 95,138 at June 30, 2025 and December 31, 2024, respectively 5,248 5,208
Capital in excess of par value 1,565,762 1,558,828
Treasury stock at cost, 2,379 and 2,379 shares at June 30, 2025 and December 31, 2024, respectively (115,500) (115,500)
Accumulated deficit (1,733,645) (1,645,716)
Accumulated other comprehensive loss (31,168) (86,660)
Stockholders' deficit attributable to shareholders (309,226) (283,763)
Non-controlling interest from discontinued operations 540 591
Total stockholders' deficit (308,686) (283,172)
Total liabilities and stockholders' deficit 703,490 726,987
8.75% Senior Notes due 2030    
Senior notes due 2030 124,860 0
Senior Notes Excluding Due 2030    
Current senior notes 108,581 0
Senior notes, net of current portion $ 102,214 $ 340,227