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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 11,167 $ 14,184
Accounts receivable—net 88,091 130,777
Contract revenues in excess of billings 95,012 81,195
Inventories 37,137 35,963
Prepaid expenses 12,407 7,924
Other current assets 63,412 59,690
Total current assets 307,226 329,733
PROPERTY AND EQUIPMENT—Net 413,008 430,210
GOODWILL 83,576 83,576
OTHER INTANGIBLE ASSETS — Net 1,499 2,428
INVENTORIES—Noncurrent 52,602 41,646
INVESTMENTS IN JOINT VENTURES 4,734 3,761
ASSETS HELD FOR SALE— Noncurrent 9,299  
OTHER 21,644 6,770
TOTAL 893,588 898,124
CURRENT LIABILITIES:    
Accounts payable 103,185 118,846
Accrued expenses 69,043 72,277
Billings in excess of contract revenues 5,141 7,061
Current portion of long term debt 2,465 7,506
Total current liabilities 179,834 205,690
7 3/8% SENIOR NOTES 272,998 271,998
REVOLVING CREDIT FACILITY 104,111 20,000
NOTES PAYABLE 13,293 53,792
DEFERRED INCOME TAXES 68,449 74,006
OTHER 7,013 20,465
Total liabilities 645,698 645,951
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY:    
Common stock—$.0001 par value; 90,000 authorized, 61,240 and 60,709 shares issued; 60,962 and 60,431 outstanding at December 31, 2016 and December 31, 2015, respectively. 6 6
Treasury stock, at cost (1,433) (1,433)
Additional paid-in capital 286,303 283,247
Accumulated deficit (35,841) (27,664)
Accumulated other comprehensive loss (1,145) (1,983)
Total equity 247,890 252,173
TOTAL $ 893,588 $ 898,124