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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 51,981 $ 83,527
Restricted cash 2,615 1,359
Receivables, net of allowances of $7,488 and $9,695, respectively 200,275 204,541
Retainage 31,916 33,572
Contract assets 56,603 [1] 62,467 [2]
Inventories 57,493 56,437
Prepaid expenses and other current assets 35,067 32,172
Assets held for sale 28,819 7,792
Total current assets 464,769 481,867
Property, plant & equipment, less accumulated depreciation 106,423 107,059
Other assets    
Goodwill 255,601 260,633
Intangible assets, less accumulated amortization 107,897 119,696
Operating lease assets 65,211 0
Deferred income tax assets 1,048 1,561
Other assets 11,378 21,601
Total other assets 441,135 403,491
Total Assets 1,012,327 992,417
Current liabilities    
Accounts payable 57,537 64,562
Accrued expenses 89,410 88,020
Contract liabilities 30,635 [1] 32,339 [2]
Current maturities of long-term debt 35,736 29,469
Liabilities held for sale 20,179 5,260
Total current liabilities 233,497 219,650
Long-term debt, less current maturities 264,247 282,003
Operating lease liabilities 50,903 0
Deferred income tax liabilities 9,491 8,361
Other non-current liabilities 15,745 12,216
Total liabilities 573,883 522,230
(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 30,807,548 and 31,922,409, respectively 308 319
Additional paid-in capital 101,627 122,818
Retained earnings 373,559 379,890
Accumulated other comprehensive loss (43,626) (40,290)
Total stockholders’ equity 431,868 462,737
Non-controlling interests 6,576 7,450
Total equity 438,444 470,187
Total Liabilities and Equity $ 1,012,327 $ 992,417
[1] Amounts exclude contract assets of $9.4 million and contract liabilities $0.4 of million that were classified as held for sale at September 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).