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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 75,758 $ 64,874
Restricted cash 986 1,348
Receivables, net of allowances of $4,629 and $7,224, respectively 178,249 192,604
Retainage 30,970 33,103
Contract assets 51,150 [1] 51,092 [2]
Inventories 47,637 57,193
Prepaid expenses and other current assets 39,147 33,909
Assets held for sale 11,083 16,092
Total current assets 434,980 450,215
Property, plant & equipment, less accumulated depreciation 98,361 101,091
Other assets    
Goodwill 216,340 256,835
Intangible assets, less accumulated amortization 93,945 104,828
Operating lease assets 67,504 [3] 71,466 [4]
Deferred income tax assets 445 1,216
Other non-current assets 8,955 9,862
Total other assets 387,189 444,207
Total Assets 920,530 995,513
Current liabilities    
Accounts payable 66,226 60,614
Accrued expenses 93,141 96,577
Contract liabilities 37,034 [1] 37,562 [2]
Current maturities of long-term debt 23,825 32,803
Liabilities held for sale 1,864 6,485
Total current liabilities 222,090 234,041
Long-term debt, less current maturities 201,600 243,629
Other liabilities    
Operating lease liabilities 52,418 56,253
Deferred income tax liabilities 9,453 11,254
Other non-current liabilities 27,274 15,243
Total other liabilities 89,145 82,750
Total liabilities 512,835 560,420
(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 30,770,323 and 30,715,959, respectively 308 307
Additional paid-in capital 103,977 101,148
Retained earnings 332,748 358,998
Accumulated other comprehensive loss (37,426) (32,694)
Total stockholders’ equity 399,607 427,759
Non-controlling interests 8,088 7,334
Total equity 407,695 435,093
Total Liabilities and Equity $ 920,530 $ 995,513
[1] Amounts exclude contract assets of $0.9 million and contract liabilities of less than $0.1 million that were classified as held for sale at September 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 $0.2 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 September 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).