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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 27,166 $ 45,824
Restricted cash 1,150 1,498
Accounts receivable, net 66,131 83,062
Costs and estimated earnings in excess of billings on uncompleted contracts 40,774 38,123
Inventories, net 21,931 21,487
Prepaid expenses and other current assets 12,791 13,560
Prepaid income taxes 1,064 1,590
Assets held for sale 8,108 7,834
Total current assets 179,115 212,978
Property, plant and equipment, net 25,532 27,270
Goodwill 170,847 170,153
Intangible assets-finite life, net 55,449 60,728
Intangible assets-indefinite life 22,268 22,042
Deferred charges and other assets 5,149 5,463
Total assets 458,360 498,634
Current liabilities:    
Current portion of debt 7,742 8,827
Accounts payable and accrued expenses 81,592 95,610
Billings in excess of costs and estimated earnings on uncompleted contracts 23,545 35,085
Note payable 5,300 5,300
Income taxes payable 322 1,536
Total current liabilities 118,501 146,358
Other liabilities 25,326 34,864
Debt, less current portion 107,045 114,366
Deferred income tax liability, net 12,870 12,964
Total liabilities 263,742 308,552
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, $.01 par value; 10,000 shares authorized, none issued
Common stock, $.01 par value; 100,000,000 shares authorized, 34,626,715 and 34,300,209 shares issued at June 30, 2017 and December 31, 2016, respectively 346 343
Capital in excess of par value 246,974 244,878
Accumulated loss (41,501) (41,741)
Accumulated other comprehensive loss (10,845) (13,042)
Stockholders' equity before treasury stock 194,974 190,438
Less treasury stock, at cost, 137,920 shares at June 30, 2017 and December 31, 2016 (356) (356)
Total shareholders’ equity 194,618 190,082
Total liabilities and shareholders' equity $ 458,360 $ 498,634