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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 73,210 $ 64,874
Restricted cash 1,070 1,348
Receivables, net of allowances of $6,335 and $7,224, respectively 195,610 192,604
Retainage 30,400 33,103
Contract assets 55,978 [1] 51,092 [2]
Inventories 51,336 57,193
Prepaid expenses and other current assets 35,081 33,909
Assets held for sale 11,715 16,092
Total current assets 454,400 450,215
Property, plant & equipment, less accumulated depreciation 100,641 101,091
Other assets    
Goodwill 255,209 256,835
Intangible assets, less accumulated amortization 101,383 104,828
Operating lease assets 68,718 [3] 71,466 [4]
Deferred income tax assets 454 1,216
Other non-current assets 8,403 9,862
Total other assets 434,167 444,207
Total Assets 989,208 995,513
Current liabilities    
Accounts payable 58,413 60,614
Accrued expenses 83,175 96,577
Contract liabilities 39,480 [1] 37,562 [2]
Current maturities of long-term debt 29,735 32,803
Liabilities held for sale 1,648 6,485
Total current liabilities 212,451 234,041
Long-term debt, less current maturities 272,010 243,629
Other liabilities    
Operating lease liabilities 54,985 56,253
Deferred income tax liabilities 10,132 11,254
Other non-current liabilities 19,401 15,243
Total other liabilities 84,518 82,750
Total liabilities 568,979 560,420
(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 30,679,476 and 30,715,959, respectively 307 307
Additional paid-in capital 98,103 101,148
Retained earnings 357,366 358,998
Accumulated other comprehensive loss (42,947) (32,694)
Total stockholders’ equity 412,829 427,759
Non-controlling interests 7,400 7,334
Total equity 420,229 435,093
Total Liabilities and Equity $ 989,208 $ 995,513
[1] 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 March 31, 2020 (see Note 5).
[2] Amounts exclude contract assets of $5.4 million and contract liabilities of $0.2 million that were classified as held for sale at December 31, 2019 (see Note 5).
[3] Amounts exclude operating lease assets of $0.1 million and other liabilities of less than $0.1 million that were classified as held for sale at March 31, 2020 (see Note 5).
[4] Amounts exclude operating lease assets of $0.3 million, accrued expenses of $0.2 million and other liabilities of $0.2 million that were classified as held for sale at December 31, 2019 (see Note 5).