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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 51,338,000 $ 83,527,000
Restricted cash 759,000 1,359,000
Receivables, net of allowances of $9,043 and $9,695, respectively 198,757,000 204,541,000
Retainage 31,441,000 33,572,000
Contract assets 56,661,000 [1] 62,467,000 [2]
Inventories 57,424,000 56,437,000
Prepaid expenses and other current assets 24,571,000 32,172,000
Assets held for sale 32,161,000 7,792,000
Total current assets 453,112,000 481,867,000
Property, plant & equipment, less accumulated depreciation 105,018,000 107,059,000
Other assets    
Goodwill 256,773,000 260,633,000
Intangible assets, less accumulated amortization 111,695,000 119,696,000
Operating lease assets 69,057,000 0
Deferred income tax assets 1,087,000 1,561,000
Other assets 18,726,000 21,601,000
Total other assets 457,338,000 403,491,000
Total Assets 1,015,468,000 992,417,000
Current liabilities    
Accounts payable 56,535,000 64,562,000
Accrued expenses 99,556,000 88,020,000
Contract liabilities 25,387,000 [1] 32,339,000 [2]
Current maturities of long-term debt 32,810,000 29,469,000
Liabilities held for sale 17,392,000 5,260,000
Total current liabilities 231,680,000 219,650,000
Long-term debt, less current maturities 271,832,000 282,003,000
Operating lease liabilities 53,739,000 0
Deferred income tax liabilities 9,281,000 8,361,000
Other non-current liabilities 14,913,000 12,216,000
Total liabilities 581,445,000 522,230,000
(See Commitments and Contingencies: Note 11)
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 30,941,394 and 31,922,409, respectively 309,000 319,000
Additional paid-in capital 102,841,000 122,818,000
Retained earnings 367,523,000 379,890,000
Accumulated other comprehensive loss (42,940,000) (40,290,000)
Total stockholders’ equity 427,733,000 462,737,000
Non-controlling interests 6,290,000 7,450,000
Total equity 434,023,000 470,187,000
Total Liabilities and Equity $ 1,015,468,000 $ 992,417,000
[1] Amounts exclude contract assets of $8.3 million and contract liabilities of $2.1 million that were classified as held for sale at June 30, 2019 (see Note 5).
[2] Amounts exclude contract assets of $1.8 million and contract liabilities of less than $0.1 million that were classified as held for sale at December 31, 2018 (see Note 5).