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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 127,859 $ 209,253
Restricted cash 6,615 5,796
Receivables, net of allowances of $7,544 and $14,524, respectively 171,747 200,883
Retainage 36,708 37,285
Costs and estimated earnings in excess of billings 99,911 89,141
Inventories 63,432 47,779
Prepaid expenses and other current assets 62,811 66,999
Assets held for sale 0 21,060
Total current assets 569,083 678,196
Property, plant & equipment, less accumulated depreciation 151,086 144,833
Other assets    
Goodwill 294,479 249,120
Identified intangible assets, less accumulated amortization 205,498 174,118
Deferred income tax assets 3,116 2,130
Other assets 5,120 5,616
Total other assets 508,213 430,984
Total Assets 1,228,382 1,254,013
Current liabilities    
Accounts payable 66,655 72,732
Accrued expenses 99,619 112,951
Billings in excess of costs and estimated earnings 86,962 87,475
Current maturities of long-term debt and line of credit 17,649 17,648
Liabilities held for sale 0 6,961
Total current liabilities 270,885 297,767
Long-term debt, less current maturities 363,381 333,480
Deferred income tax liabilities 17,872 19,386
Other non-current liabilities 11,091 8,824
Total liabilities $ 663,229 $ 659,457
Commitments and contingencies
Equity    
Preferred stock, undesignated, $.10 par – shares authorized 2,000,000; none outstanding $ 0 $ 0
Common stock, $.01 par – shares authorized 125,000,000; shares issued and outstanding 35,156,241 and 36,053,499, respectively 352 361
Additional paid-in capital 186,036 199,951
Retained earnings 421,782 425,574
Accumulated other comprehensive loss (52,355) (47,861)
Total stockholders’ equity 555,815 578,025
Non-controlling interests 9,338 16,531
Total equity 565,153 594,556
Total Liabilities and Equity $ 1,228,382 $ 1,254,013