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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 8,684 $ 9,086
Accounts receivable:    
Trade, net of allowance of $4,280 and $0, respectively 77,641 84,953
Retainage 30,734 39,189
Other current 4,257 3,706
Income taxes receivable 467 339
Inventory 1,056 4,386
Deferred tax asset 0 0
Costs and estimated earnings in excess of billings on uncompleted contracts 9,217 46,006
Prepaid expenses and other 5,000 4,124
Total current assets 137,056 191,789
Property and equipment, net 148,003 146,278
Inventory, non-current 7,598 4,915
Goodwill 0 69,483
Intangible assets, net of amortization 14,787 18,175
Other non-current 5,426 2,645
Total assets 312,870 433,285
Current liabilities:    
Current debt, net of debt issuance costs 2,946 22,756
Accounts payable:    
Trade 42,023 45,194
Retainage 736 1,990
Accrued liabilities 18,840 17,873
Taxes payable 0 256
Billings in excess of costs and estimated earnings on uncompleted contracts 21,761 33,923
Total current liabilities 86,306 121,992
Long-term debt, net of debt issuance costs 76,119 63,185
Other long-term liabilities 8,759 3,573
Deferred income taxes 49 13,243
Interest rate swap liability 52 26
Total liabilities 171,285 202,019
Stockholders’ equity:    
Preferred stock -- $0.01 par value, 10,000,000 authorized, none issued 0 0
Other comprehensive loss (52) (26)
Common stock -- $0.01 par value, 50,000,000 authorized, 29,611,989 and 28,860,961 issued; 28,900,758 and 28,149,737 outstanding at December 31, 2018 and December 31, 2017, respectively 296 288
Treasury stock, 711,231 and 711,231 shares, at cost December 31, 2018 and December 31, 2017, respectively (6,540) (6,540)
Additional paid-in capital 179,742 174,697
Retained earnings (31,861) 62,847
Total stockholders’ equity 141,585 231,266
Total liabilities and stockholders’ equity $ 312,870 $ 433,285