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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 129,500 $ 209,253
Restricted cash 4,892 5,796
Receivables, net of allowances of $6,098 and $14,524, respectively 186,016 200,883
Retainage 33,643 37,285
Costs and estimated earnings in excess of billings 62,401 89,141
Inventories 63,953 47,779
Prepaid expenses and other current assets 51,832 66,999
Assets held for sale 0 21,060
Total current assets 532,237 678,196
Property, plant & equipment, less accumulated depreciation 156,747 144,833
Other assets    
Goodwill 298,619 249,120
Identified intangible assets, less accumulated amortization 194,911 174,118
Deferred income tax assets 1,848 2,130
Other assets 9,220 5,616
Total other assets 504,598 430,984
Total Assets 1,193,582 1,254,013
Current liabilities    
Accounts payable 63,058 72,732
Accrued expenses 85,010 112,951
Billings in excess of costs and estimated earnings 62,698 87,475
Current maturities of long-term debt 19,835 17,648
Liabilities held for sale 0 6,961
Total current liabilities 230,601 297,767
Long-term debt, less current maturities 350,785 333,480
Deferred income tax liabilities 23,339 19,386
Other non-current liabilities 12,674 8,824
Total liabilities 617,399 659,457
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 33,956,304 and 36,053,499, respectively 340 361
Additional paid-in capital 166,598 199,951
Retained earnings 455,062 425,574
Accumulated other comprehensive loss (53,500) (47,861)
Total stockholders’ equity 568,500 578,025
Non-controlling interests 7,683 16,531
Total equity 576,183 594,556
Total Liabilities and Equity $ 1,193,582 $ 1,254,013