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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 41,513 $ 35,602
Restricted cash 1,625 1,356
Accounts receivable, net 60,814 68,434
Costs and estimated earnings in excess of billings on uncompleted contracts 38,178 34,805
Inventories, net 18,897 20,578
Prepaid expenses and other current assets 11,917 9,899
Prepaid income taxes 6,548 8,231
Assets held for sale 604 593
Total current assets 180,096 179,498
Property, plant and equipment, net 16,064 15,274
Right-of-use assets from operating leases 12,707 13,607
Goodwill 159,107 152,020
Intangible assets – finite life, net 32,636 31,283
Intangible assets – indefinite life 14,328 14,291
Deferred charges and other assets 3,454 2,664
Total assets 418,392 408,637
Current liabilities:    
Current portion of debt 2,500 2,500
Accounts payable and accrued expenses 75,567 78,319
Billings in excess of costs and estimated earnings on uncompleted contracts 28,032 34,369
Total current liabilities 106,099 115,188
Other liabilities 19,526 20,372
Debt, less current portion 75,460 63,001
Deferred income tax liability, net 7,704 5,943
Operating lease liabilities 10,561 11,116
Total liabilities 219,350 215,620
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, 35,493,617 and 35,275,465 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 355 353
Capital in excess of par value 254,323 253,869
Accumulated loss (39,682) (46,344)
Accumulated other comprehensive loss (15,598) (14,505)
Stockholders' equity before treasury stock 199,398 193,373
Less treasury stock, at cost, 137,920 shares at June 30, 2020 and December 31, 2019 (356) (356)
Total shareholders’ equity 199,042 193,017
Total liabilities and shareholders' equity $ 418,392 $ 408,637