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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 95,324 $ 64,874
Restricted cash 994 1,348
Receivables, net of allowances of $6,431 and $7,224, respectively 171,245 192,604
Retainage 30,213 33,103
Contract assets 43,278 [1] 51,092 [2]
Inventories 49,589 57,193
Prepaid expenses and other current assets 34,570 33,909
Assets held for sale 10,367 16,092
Total current assets 435,580 450,215
Property, plant & equipment, less accumulated depreciation 100,082 101,091
Other assets    
Goodwill 254,754 256,835
Intangible assets, less accumulated amortization 97,143 104,828
Operating lease assets 69,701 [3] 71,466 [4]
Deferred income tax assets 466 1,216
Other non-current assets 8,495 9,862
Total other assets 430,559 444,207
Total Assets 966,221 995,513
Current liabilities    
Accounts payable 58,402 60,614
Accrued expenses 89,070 96,577
Contract liabilities 37,512 [1] 37,562 [2]
Current maturities of long-term debt 26,780 32,803
Liabilities held for sale 1,448 6,485
Total current liabilities 213,212 234,041
Long-term debt, less current maturities 233,097 243,629
Other liabilities    
Operating lease liabilities 55,455 56,253
Deferred income tax liabilities 11,404 11,254
Other non-current liabilities 23,435 15,243
Total other liabilities 90,294 82,750
Total liabilities 536,603 560,420
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 30,768,399 and 30,715,959, respectively 308 307
Additional paid-in capital 100,490 101,148
Retained earnings 361,222 358,998
Accumulated other comprehensive loss (39,962) (32,694)
Total stockholders’ equity 422,058 427,759
Non-controlling interests 7,560 7,334
Total equity 429,618 435,093
Total Liabilities and Equity $ 966,221 $ 995,513
[1] Amounts exclude contract assets of $0.7 million and contract liabilities of less than $0.1 million that were classified as held for sale at June 30, 2020 (see Note 5).
[2] Amounts exclude contract assets of $5.4 million and contract liabilities of $0.1 million that were classified as held for sale at December 31, 2019 (see Note 5).
[3] Amounts exclude operating lease assets of less than $0.1 million, accrued expenses of less than $0.1 and other liabilities of less than $0.1 million that were classified as held for sale at June 30, 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).