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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 553 $ 1,567
Costs and estimated earnings in excess of billings 174,102 158,529
Inventories 46,923 42,709
Prepayments and other current assets 20,553 17,651
Total current assets 886,532 766,063
Noncurrent assets:    
Property, plant and equipment, net of accumulated depreciation of $153,272 and $143,831, respectively 129,361 116,018
Goodwill 143,224 143,224
Other intangible assets, net of accumulated amortization of $9,984 and $8,738, respectively 466 2,004
Operating lease right-of-use assets 68,852 53,233
Noncurrent retention receivable 32,849 21,355
Investments 17,648 8,413
Other 360 272
Total noncurrent assets 392,760 344,519
Total assets 1,279,292 1,110,582
Current liabilities:    
Contract liabilities 221,662 198,231
Accounts payable 160,873 116,573
Taxes payable 14,006 8,557
Accrued compensation 66,960 44,721
Current portion of operating lease liabilities 26,110 21,143
Accrued payroll-related liabilities 37,292 35,342
Total current liabilities 559,561 452,183
Noncurrent liabilities:    
Related-party notes payable 214,525 168,531
Deferred income taxes 965 6,535
Operating lease liabilities 43,247 32,504
Other 7,691 1,979
Total noncurrent liabilities 266,428 209,549
Total liabilities 825,989 661,732
Commitments and contingencies
Common stockholder’s equity:    
Common Stock, stated value $1, no par value; 1,000 shares authorized, issued and outstanding 1 1
Other paid-in capital 137,947 136,184
Retained earnings 315,355 312,665
Total stockholder’s equity 453,303 448,850
Total liabilities and stockholder’s equity 1,279,292 1,110,582
Nonrelated party    
Current assets:    
Receivables, net 632,131 534,100
Current liabilities:    
Other accrued liabilities 16,788 13,001
Related party    
Current assets:    
Receivables, net 12,270 11,507
Noncurrent assets:    
Operating lease right-of-use assets 68 136
Current liabilities:    
Other accrued liabilities 15,870 14,615
Current portion of operating lease liabilities 68 90
Noncurrent liabilities:    
Operating lease liabilities $ 0 $ 46