XML 17 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 22,668 $ 12,397
Accounts receivable, net of allowances of $1,696 and $3,364, respectively 385,938 388,479
Contract assets, net of allowances of $359 and $147, respectively 185,803 217,109
Current portion of receivable for insurance claims in excess of deductibles 11,859 6,415
Refundable income taxes 1,534 1,973
Other current assets 28,882 12,811
Total current assets 636,684 639,184
Property and equipment, net of accumulated depreciation of $294,366 and $272,865, respectively 185,114 185,344
Operating lease right-of-use assets 22,291 22,958
Goodwill 66,065 66,060
Intangible assets, net of accumulated amortization of $14,467 and $10,880, respectively 51,365 54,940
Receivable for insurance claims in excess of deductibles 27,043 30,976
Investment in joint venture 3,040 4,722
Other assets 4,257 3,687
Total assets 995,859 1,007,871
Current liabilities    
Current portion of long-term debt 4,381 8,737
Current portion of operating lease obligations 6,612 6,205
Current portion of finance lease obligations 318 1,135
Accounts payable 162,580 192,107
Contract liabilities 158,396 105,486
Current portion of accrued self-insurance 24,395 18,780
Other current liabilities 86,718 64,364
Total current liabilities 443,400 396,814
Deferred income tax liabilities 18,339 20,945
Long-term debt 25,039 157,087
Accrued self-insurance 45,428 48,024
Operating lease obligations, net of current maturities 15,730 16,884
Finance lease obligations, net of current maturities 0 338
Other liabilities 18,631 3,304
Total liabilities 566,567 643,396
Commitments and contingencies
Stockholders’ equity    
Preferred stock – $0.01 par value per share; 4,000,000 authorized shares; none issued and outstanding at December 31, 2020 and December 31, 2019 0 0
Common stock – $0.01 par value per share; 100,000,000 authorized shares; 16,734,239 and 16,648,616 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 167 166
Additional paid-in capital 158,618 152,532
Accumulated other comprehensive income (loss) 23 (446)
Retained earnings 270,480 212,219
Total stockholders’ equity attributable to MYR Group Inc. 429,288 364,471
Noncontrolling interest 4 4
Total stockholders’ equity 429,292 364,475
Total liabilities and stockholders’ equity $ 995,859 $ 1,007,871