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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 94,848 $ 64,874
Restricted cash 765 1,348
Receivables, net of allowances of $4,004 and $6,404, respectively 133,394 153,484
Retainage 32,807 33,103
Contract assets 44,026 [1] 42,973 [2]
Inventories 44,889 57,193
Prepaid expenses and other current assets 33,675 31,329
Assets held for sale 92,850 168,799
Total current assets 477,254 553,103
Property, plant & equipment, less accumulated depreciation 92,900 94,886
Other assets    
Goodwill 210,665 208,858
Intangible assets, less accumulated amortization 58,869 67,875
Operating lease assets 52,421 [3] 60,246 [4]
Deferred income tax assets 448 1,216
Other non-current assets 8,890 9,329
Total other assets 331,293 347,524
Total Assets 901,447 995,513
Current liabilities    
Accounts payable 51,469 54,100
Accrued expenses 59,664 67,852
Operating lease liabilities 14,147 14,204
Contract liabilities 37,569 [1] 37,517 [2]
Current maturities of long-term debt 25,811 32,803
Liabilities held for sale 36,148 37,900
Total current liabilities 224,808 244,376
Long-term debt, less current maturities 193,988 243,629
Other liabilities    
Operating lease liabilities 38,724 46,059
Deferred income tax liabilities 10,344 11,254
Other non-current liabilities 25,218 15,102
Total other liabilities 74,286 72,415
Total liabilities 493,082 560,420
(See Commitments and Contingencies: Note 13)
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 30,640,150 and 30,715,959, respectively 306 307
Additional paid-in capital 102,001 101,148
Retained earnings 327,137 358,998
Accumulated other comprehensive loss (29,847) (32,694)
Total stockholders’ equity 399,597 427,759
Non-controlling interests 8,768 7,334
Total equity 408,365 435,093
Total Liabilities and Equity $ 901,447 $ 995,513
[1] Amounts exclude contract assets of $9.3 million and contract liabilities of $0.2 million that were classified as held for sale at December 31, 2020 (see Note 6).
[2] Amounts exclude contract assets of $13.5 million and contract liabilities of less than $0.2 million that were classified as held for sale at December 31, 2019 (see Note 6).
[3] Amounts exclude operating lease assets of $8.7 million, accrued expenses of $2.3 million and other liabilities of $7.3 million that were classified as held for sale at December 31, 2020 (see Note 5).
[4] Amounts exclude operating lease assets of $11.5 million, accrued expenses of $1.8 million and other liabilities of $10.4 million that were classified as held for sale at December 31, 2019 (see Note 5).