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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 30,718 $ 29,902
Restricted cash 774 591
Accounts receivable, net 67,804 67,990
Costs and estimated earnings in excess of billings on uncompleted contracts 29,991 33,947
Inventories, net 22,276 20,969
Prepaid expenses and other current assets 11,943 10,760
Prepaid income taxes 2,008 1,930
Assets held for sale 4,847 7,853
Total current assets 170,361 173,942
Property, plant and equipment, net 21,889 23,400
Goodwill 152,362 166,951
Intangible assets – finite life, net 38,548 49,956
Intangible assets – indefinite life 18,286 19,691
Deferred charges and other assets 3,773 4,609
Total assets 405,219 438,549
Current liabilities:    
Current portion of debt   11,296
Accounts payable and accrued expenses 78,750 70,786
Billings in excess of costs and estimated earnings on uncompleted contracts 28,605 20,469
Note payable 3,800 5,300
Total current liabilities 111,155 107,851
Other liabilities 29,542 30,382
Debt, less current portion 79,175 103,537
Deferred income tax liability, net 7,942 10,210
Total liabilities 227,814 251,980
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, 34,950,463 and 34,707,924 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 350 347
Capital in excess of par value 250,591 248,170
Accumulated loss (60,355) (52,673)
Accumulated other comprehensive loss (12,825) (8,919)
Stockholders' equity before treasury stock 177,761 186,925
Less treasury stock, at cost, 137,920 shares at September 30, 2018 and December 31, 2017 (356) (356)
Total shareholders’ equity 177,405 186,569
Total liabilities and shareholders' equity $ 405,219 $ 438,549