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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 33,089 $ 29,902
Restricted cash 933 591
Accounts receivable, net 63,796 67,990
Costs and estimated earnings in excess of billings on uncompleted contracts 36,214 33,947
Inventories, net 22,083 20,969
Prepaid expenses and other current assets 13,748 10,760
Prepaid income taxes 243 1,930
Assets held for sale 7,736 7,853
Total current assets 177,842 173,942
Property, plant and equipment, net 23,042 23,400
Goodwill 152,780 166,951
Intangible assets – finite life, net 45,288 49,956
Intangible assets – indefinite life 18,412 19,691
Deferred charges and other assets 4,755 4,609
Total assets 422,119 438,549
Current liabilities:    
Current portion of debt   11,296
Accounts payable and accrued expenses 77,367 70,786
Billings in excess of costs and estimated earnings on uncompleted contracts 18,215 20,469
Note payable 5,300 5,300
Income taxes payable 3,073  
Total current liabilities 103,955 107,851
Other liabilities 30,103 30,382
Debt, less current portion 84,704 103,537
Deferred income tax liability, net 8,784 10,210
Total liabilities 227,546 251,980
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, 34,740,933 and 34,707,924 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 347 347
Capital in excess of par value 248,860 248,170
Accumulated loss (46,495) (52,673)
Accumulated other comprehensive loss (7,783) (8,919)
Stockholders' equity before treasury stock 194,929 186,925
Less treasury stock, at cost, 137,920 shares at March 31, 2018 and December 31, 2017 (356) (356)
Total shareholders’ equity 194,573 186,569
Total liabilities and shareholders' equity $ 422,119 $ 438,549