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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 35,556 $ 29,902
Restricted cash 284 591
Accounts receivable, net 67,796 67,990
Costs and estimated earnings in excess of billings on uncompleted contracts 35,188 33,947
Inventories, net 22,450 20,969
Prepaid expenses and other current assets 12,601 10,760
Prepaid income taxes 699 1,930
Assets held for sale 6,708 7,853
Total current assets 181,282 173,942
Property, plant and equipment, net 22,161 23,400
Goodwill 152,371 166,951
Intangible assets – finite life, net 42,444 49,956
Intangible assets – indefinite life 18,300 19,691
Deferred charges and other assets 4,843 4,609
Total assets 421,401 438,549
Current liabilities:    
Current portion of debt   11,296
Accounts payable and accrued expenses 79,352 70,786
Billings in excess of costs and estimated earnings on uncompleted contracts 23,340 20,469
Note payable 5,300 5,300
Income taxes payable 1,612  
Total current liabilities 109,604 107,851
Other liabilities 30,407 30,382
Debt, less current portion 80,895 103,537
Deferred income tax liability, net 9,268 10,210
Total liabilities 230,174 251,980
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, 34,892,193 and 34,707,924 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 349 347
Capital in excess of par value 249,674 248,170
Accumulated loss (47,420) (52,673)
Accumulated other comprehensive loss (11,020) (8,919)
Stockholders' equity before treasury stock 191,583 186,925
Less treasury stock, at cost, 137,920 shares at June 30, 2018 and December 31, 2017 (356) (356)
Total shareholders’ equity 191,227 186,569
Total liabilities and shareholders' equity $ 421,401 $ 438,549