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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 15,852 $ 11,167
Accounts receivable—net 75,533 88,091
Contract revenues in excess of billings 90,788 95,012
Inventories 34,600 37,137
Prepaid expenses 5,183 12,407
Other current assets 40,228 63,412
Total current assets 262,184 307,226
PROPERTY AND EQUIPMENT—Net 407,294 413,008
GOODWILL 83,576 83,576
OTHER INTANGIBLE ASSETS — Net 908 1,499
INVENTORIES—Noncurrent 54,023 52,602
INVESTMENTS IN JOINT VENTURES 2,714 4,734
ASSETS HELD FOR SALE— Noncurrent 8,530 9,299
OTHER 13,128 21,644
TOTAL 832,357 893,588
LIABILITIES AND EQUITY    
Accounts payable 87,659 103,185
Accrued expenses 56,218 69,043
Billings in excess of contract revenues 3,615 5,141
Current portion of long-term debt 2,758 2,465
Total current liabilities 150,250 179,834
LONG-TERM DEBT 333,141 286,291
REVOLVING CREDIT FACILITY 95,000 104,111
DEFERRED INCOME TAXES 25,561 68,449
OTHER 7,109 7,013
Total liabilities 611,061 645,698
COMMITMENTS AND CONTINGENCIES (Note 14)
EQUITY:    
Common stock—$.0001 par value; 90,000 authorized, 61,897 and 61,240 shares issued; 61,619 and 60,962 outstanding at December 31, 2017 and December 31, 2016, respectively. 6 6
Treasury stock, at cost (1,433) (1,433)
Additional paid-in capital 289,821 286,303
Accumulated deficit (67,101) (35,841)
Accumulated other comprehensive income (loss) 3 (1,145)
Total equity 221,296 247,890
TOTAL $ 832,357 $ 893,588