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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 29,902 $ 45,824
Restricted cash 591 1,498
Accounts receivable, net 67,990 83,062
Costs and estimated earnings in excess of billings on uncompleted contracts 33,947 38,123
Inventories, net 20,969 21,487
Prepaid expenses and other current assets 10,760 13,560
Prepaid income taxes 1,930 1,590
Assets held for sale 7,853 7,834
Total current assets 173,942 212,978
Property, plant and equipment, net 23,400 27,270
Goodwill 166,951 170,153
Intangible assets – finite life, net 49,956 60,728
Intangible assets – indefinite life 19,691 22,042
Deferred charges and other assets 4,609 5,463
Total assets 438,549 498,634
Current liabilities:    
Current portion of debt 11,296 8,827
Accounts payable and accrued expenses 70,786 95,610
Billings in excess of costs and estimated earnings on uncompleted contracts 20,469 35,085
Note payable 5,300 5,300
Income taxes payable   1,536
Total current liabilities 107,851 146,358
Other liabilities 30,382 34,864
Debt, less current portion 103,537 114,366
Deferred income tax liability, net 10,210 12,964
Total liabilities 251,980 308,552
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, 34,707,924 and 34,300,209 shares issued and outstanding at December 31, 2017 and 2016, respectively 347 343
Capital in excess of par value 248,170 244,878
Accumulated loss (52,673) (41,741)
Accumulated other comprehensive loss (8,919) (13,042)
Stockholders' equity before treasury stock 186,925 190,438
Less treasury stock, at cost, 137,920 shares at December 31, 2017 and 2016 (356) (356)
Total shareholders’ equity 186,569 190,082
Total liabilities and shareholders' equity $ 438,549 $ 498,634