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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 87,602 $ 129,500
Restricted cash 1,573 4,892
Receivables, net of allowances of $5,303 and $6,098, respectively 207,943 186,016
Retainage 31,237 33,643
Costs and estimated earnings in excess of billings 75,535 62,401
Inventories 69,113 63,953
Prepaid expenses and other current assets 38,903 51,832
Total current assets 511,906 532,237
Property, plant & equipment, less accumulated depreciation 156,690 156,747
Other assets    
Goodwill 302,749 298,619
Identified intangible assets, less accumulated amortization 193,102 194,911
Deferred income tax assets 1,584 1,848
Other assets 9,371 9,220
Total other assets 506,806 504,598
Total Assets 1,175,402 1,193,582
Current liabilities    
Accounts payable 64,713 63,058
Accrued expenses 71,821 85,010
Billings in excess of costs and estimated earnings 44,716 62,698
Current maturities of long-term debt 22,020 19,835
Total current liabilities 203,270 230,601
Long-term debt, less current maturities 354,427 350,785
Deferred income tax liabilities 23,731 23,339
Other non-current liabilities 13,102 12,674
Total liabilities 594,530 617,399
(See Commitments and Contingencies: Note 9)
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 33,604,854 and 33,956,304, respectively 336 340
Additional paid-in capital 159,191 166,598
Retained earnings 460,933 455,062
Accumulated other comprehensive loss (49,140) (53,500)
Total stockholders’ equity 571,320 568,500
Non-controlling interests 9,552 7,683
Total equity 580,872 576,183
Total Liabilities and Equity $ 1,175,402 $ 1,193,582