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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 44,999 $ 45,824
Restricted cash 1,272 1,498
Accounts receivable, net 76,726 83,062
Costs and estimated earnings in excess of billings on uncompleted contracts 33,447 38,123
Inventories, net 21,498 21,487
Prepaid expenses and other current assets 12,282 13,560
Prepaid income taxes 2,709 1,590
Assets held for sale 7,826 7,834
Total current assets 200,759 212,978
Property, plant and equipment, net 26,452 27,270
Goodwill 170,293 170,153
Intangible assets-finite life, net 57,906 60,728
Intangible assets-indefinite life 22,085 22,042
Deferred charges and other assets 4,809 5,463
Total assets 482,304 498,634
Current liabilities:    
Current portion of debt 8,852 8,827
Accounts payable and accrued expenses 81,796 95,610
Billings in excess of costs and estimated earnings on uncompleted contracts 34,211 35,085
Note payable 5,300 5,300
Income taxes payable 1,793 1,536
Total current liabilities 131,952 146,358
Other liabilities 37,526 34,864
Debt, less current portion 110,565 114,366
Deferred income tax liability, net 12,899 12,964
Total liabilities 292,942 308,552
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued
Common stock, $.01 par value; 100,000,000 shares authorized, 34,599,179 and 34,300,209 shares issued at March 31, 2017 and December 31, 2016, respectively 346 343
Capital in excess of par value 246,259 244,878
Accumulated loss (44,394) (41,741)
Accumulated other comprehensive loss (12,493) (13,042)
Stockholders' equity before treasury stock 189,718 190,438
Less treasury stock, at cost, 137,920 shares at March 31, 2017 and December 31, 2016 (356) (356)
Total shareholders’ equity 189,362 190,082
Total liabilities and shareholders' equity $ 482,304 $ 498,634